BSE cracks down on defaulters

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The Botswana Stock Exchange (BSE) is proposing the establishment of a Default Board, where the securities of errant listed companies will be transferred and fined daily, as part of latest rules against non-compliance at the exchange.

The BSE’s new draft listing rules, published last week, are open to feedback from listed companies, brokers and registered advisers who are the targets of the new rules. Other stakeholders are also allowed to feed into the final listing rules, with a cut-off date of May 12.

If approved, the default board will be the BSE’s fourth after the domestic, foreign and venture capital.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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