Equities soften on sluggish economy

BSE CEO Thapelo Tsheole
BSE CEO Thapelo Tsheole

The subdued performance of the Botswana Stock Exchange (BSE) is a reflection of a slowdown in companies’ earnings and a sluggish economy in general, the bourse said in a market update report.

The performance of the BSE, as measured by the benchmark Domestic Companies Index (DCI) has lost five percent in the first nine-months of the year.

In a third quarter (Q3) market update, the BSE says that despite an impressive 4.2% economic growth forecast for 2017, the sentiment on the ground is different with companies and perception surveys pointing to a subdued growth.

Editor's Comment
Khama and gov't must step right

Whilst the government seeks to clarify boundaries between elected councillors and Dikgosi, and Khama defends the autonomy of Bogosi, this dispute musn't spiral into division. All parties must step back, breathe, and commit to dialogue rooted in mutual respect and the rule of law.Botswana’s strength lies in its unique blend of modern democracy and deep-rooted tradition. Dikgosi, as custodians of culture and community justice, hold immense...

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