BSE expects new listings
Tuesday, October 22, 2024 | 270 Views |
Eyeing growth: Bolokwe
The BSE’s last Initial Public Offer (IPO) was in 2017 whilst the last listing was in 2018, a performance the exchange has been fighting to turn around over the years through various initiatives.
In an update for the year to September 30, BSE officials said tangible progress was being made to attract listings and a few of the companies targeted were still undergoing restructuring, consolidations, and establishment of holding companies that would become listed entities.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...