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‘Hidden investor’ database due to go public

To the people: CIPA’s database of beneficial owners is set to go live to the public in August PIC: KENNEDY RAMOKONE
To the people: CIPA’s database of beneficial owners is set to go live to the public in August PIC: KENNEDY RAMOKONE

A database maintained by the Companies and Intellectual Property Authority (CIPA) on beneficial owners of companies, is expected to go public in August, giving Batswana their first look at who owns what in the country, BusinessWeek has established.

By law, a ‘beneficial owner’ is defined as a person who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise is the ultimate beneficiary of a share or other securities in a company.

Amendments to the Companies Act from 2018 and 2022 required the identities of beneficial owners of companies to be updated to CIPA’s Online Business Registration System (OBRS), the main online platform where all companies operating in the country are required to register.

Editor's Comment
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Unfortunately, in this part of the world, it is very rare for individuals to mind their mental health. This does not start today, and sadly, even children with certain mental health challenges get the stick regularly instead of proper diagnosis and professional assistance. Counselling, just like going for physical examinations, is very necessary for general well-being. Many Batswana are dealing with different challenges. These difficulties can...

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