BSE hikes CSD fees two fold

Since the launch of the CSD in May 2008, the participant fees from custodian banks have remained at P12,000 per annum and with the recent increase, the fees will be P24,000 per annum with effect from April 1, 2016, revealed the Central Securities Depository Company of Botswana (CSDB).

CSDB is a company that was formed by the BSE with the objective of operating a central securities depository in which shareholders and their shareholding of companies listed on the local bourse will be recorded.