BSE lifts Olympia�s four-year suspension

Olympia Capital Corporation resumes trading on the Botswana Stock Exchange (BSE) this morning, after four years of suspension slapped after it repeatedly failed to publish its financial results within stipulated periods.

Yesterday, BSE head of market development, Thapelo Moribame told BusinessWeek that the four-year suspension had been lifted after the Kenyan majority-owned group complied with the bourse’s listing rules.

“The BSE Main Committee has lifted the Olympia suspension as of the 15th December 2017 when the company stocks will start trading,” she said.

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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