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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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