BSE to introduce online trading
Monday, October 27, 2014
Thapelo Tsheole
Commencement of the project will be in 2015 and it is expected to be completed the following year.
BSE deputy chief executive officer Thapelo Tsheole said the objective of introducing internet trading is to further extend the functionality of the Automated Trading System (ATS) that was introduced in 2012 to enable investors both in Botswana and abroad online access to trading.
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...