Ellerines de-lists from BSE

Furniture group Ellerines Holdings de-listed from the Botswana Stock Exchange (BSE) last Thursday, after its acquisition by African Bank Investments Limited (ABIL).

A statement on the BSE website says Ellerines Holdings de-listed with effect from 24 January 2008. The company was founded in 1950 by South African brothers, Sidney and Eric Ellerines. It has been bought by ABIL for P8.57 billion.

The company ceased to be listed as a separate entity on the JSE at the beginning of last week.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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