BSE hikes CSD fees two fold

Local commercial banks that participate in the Botswana Stock Exchange’s (BSE) Central Securities Depository (CSD) system will soon endure more costs as fees for the service have been increased twofold.

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.

Editor's Comment
Gov’t, Balete should bury the hatchet

The acrimony that seemingly characterised the relationship between the Malete Land Board on behalf of the Botswana government and Kgosi Mosadi Seboko and the tribe, should now be water under the bridge as the tribe has finally gotten what it has been fighting for - the land.Kgosi Mosadi has articulated an instance upon which she was allegedly summoned to the State House by the Head of State, Mokgweetsi Masisi where the former claimed she was...

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