BSE uptrend continues

On the march: Stanchart CEO, Mpho Masupe, is delivering returns to investors
On the march: Stanchart CEO, Mpho Masupe, is delivering returns to investors

The Botswana Stock Exchange (BSE)’s flagship platform, the Domestic Companies Index (DCI) closed May having risen 4.1 percent since the beginning of the year, a strong performance by most listed companies that also hints at recovery in the general economy.

Statistics from Stockbrokers Botswana indicate that in the first five months of the year, the charge was led by Standard Chartered whose share price rose 41.1% during the period, followed by Chobe Holdings, Absa, and Cresta.

Standard Chartered has enjoyed a rosy period on the DCI, ticking up by more than 10 thebe on two separate days in the first five months of the year. The bank posted a threefold increase in pre-tax profits for the year to December 2022, recording P253.1 million.


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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