Mmegi

BBS leads BSE in H1

Leaps and bounds: BBS Bank was the pick of the field in the first half of the year on the BSE
Leaps and bounds: BBS Bank was the pick of the field in the first half of the year on the BSE

BBS Bank’s share price rose by a net 40% in the first six months of the year, the highest on the Botswana Stock Exchange (BSE) in a rosy period in which all but two counters ended the half year in the black.

The country’s only indigenous bank enjoyed a strong 2024, recording its first ever profit in the first half of last year and ending the full year with pretax profits of P45.3 million, up from a loss of P28.2 million the prior year.

Other counters in the top five gainers for the first half of the year include Choppies, Standard Chartered Bank Botswana, Sechaba and Sefalana. Botswana Telecommunications Limited, which has struggled in previous years, was the sixth best performing counter on the Domestic Companies Index in the half year. The only two losers in the half year were Letshego and G4S Botswana, whose share prices shed 8.7% and 59.2% respectively.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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