BBS inches closer to banking licence
Wednesday, August 17, 2022 | 1150 Views |
Eye of the storm: The BBS headquarters in Broadhurst. Shareholders vote next Friday. PIC: MORERI SEJAKGOMO
According to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in any manner, directly, or indirectly in the company’s securities.
The latest developments follow a protracted process in which BBS Ltd has undergone legislative and structural changes to prepare for the consideration of its commercial banking licence application by the Bank of Botswana.
“The trouble with government regulation of the market is that it prohibits capitalistic acts between consenting adults.”~ Robert NozickWhile government must contain the disease, it must also confront the growing economic hardship caused by its response. For many rural households, cattle remain a source of livelihood and the only means for tending for thousands of families, and for these kind of people the longer the restrictions continue, the...