BBS eyes BSE listing

BBS plans to apply for a banking license soon
BBS plans to apply for a banking license soon

FRANCISTOWN: The Botswana Building Society (BBS) aims to list on the Botswana Stock Exchange (BSE) once it transforms into a fully-fledged commercial bank.

Addressing shareholders at a meeting held this week to update them on the Society’s demutualisation process, managing director, Pius Molefe said BBS would operate for two years as a commercial bank before it lists on the BSE. “The plan is for our shares to be traded over the counter (OTC) and not at the main bourse,” he said.

Over-the-counter or off-exchange trading is done directly between two parties, without the direct supervision of an exchange.

Editor's Comment
Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

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