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
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

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