Mmegi

BSE swims against economic downturn tide

At the helm: Bolokwe PIC: MORERI SEJAKGOMO
At the helm: Bolokwe PIC: MORERI SEJAKGOMO

The Botswana Stock Exchange (BSE)’s main platform, the Domestic Companies Index, enjoyed another strong year, rising by more than 12.2% and adding P6 billion in value despite tightening conditions in the economy.

Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.

This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank Botswana, First National Bank Botswana, BIHL and Absa were all amongst counters whose share prices rose. Only Access Bank, amongst the banks, was marginally down one percent as at Press time on Wednesday.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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