BSE goes electronic

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With the installation of the Central Securities Depository (CSD), the Botswana Stock Exchange will be fully automated at the end of this month.

Presenting the 2008/09 Budget speech, Finance Minister Baledzi Gaolathe said Government supports the development of capital markets with projects such as the installation of the CSD on the BSE.

The CSD registers share certificates electronically. Market analysts have welcomed the project, saying it will boost liquidity on the local bourse.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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