BBS eyes BSE listing

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.