BSE freezes trading of 750m shares

BSE CEO Thapelo Tsheole
BSE CEO Thapelo Tsheole

The Botswana Stock Exchange (BSE) has frozen the trading of over 750 million shares, which have not been converted from paper securities certificates to electronic form under the Central Securities Depository (CSD).

 The CSD was introduced in 2008 as a computer system that facilitates the holding of securities in electronic accounts in contrast to paper certificates that the exchange had been using. 

Deadline for dematerialisation of shares was March 31, 2016 and the BSE says all the shares that have not been transferred to the CSD have now been placed into a dormant account where they cannot be traded.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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