BSE to automate in order to attract more listing
Friday, August 10, 2007
The BSE's Listing and Trading Manager, Bopelokgale Soko, disclosed in an interview that the bourse recently signed a contract for the installation of a Central Depository System (CDS) that will help boost liquidity.
The CDS will house shares in an electronic system to enable them to be transferred through a computer instead of the current arrangement of certificate issuance.
Soko acknowledges that liquidity has been one of the challenges facing the BSE and outlined various problems that contribute to it.
She identifies one of them as the lack of the right infrastructure, such as automated trading.
Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...