BSE to self-list after demutualization

New ventures: Moribame
New ventures: Moribame

The Botswana Stock Exchange (BSE) looks to convert to a public company by end of 2018 and thereafter invite private investors to buy shares in the firm before listing itself on the bourse.

Through a process called demutualisation, the BSE will transform from a statutory body collectively owned by stockbrokers and government to a public company.

Self-listing is an international practice that stock exchanges normally adopt in developed markets after they demutualise. In a response to Mmegi Business enquiries, market development manager, Thapelo Moribame said the demutualisation process will separate ownership rights of the BSE from trading rights.

Editor's Comment
Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

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