Investors cautious as earnings season kicks off :: Mmegi Online

The slowdown in the economy is expected to weigh on the performances of listed companies in the upcoming earnings season, snapping a multi-year bull market for equities in which most counters have enjoyed rosy growth.

Listed companies are expected to begin reporting their interim and full-year results this month, and already, several major counters have announced that they expect lower returns. Absa Bank Botswana expects its pretax profits to be down by as much as P167 million for the six months to June 2025, whilst Standard Chartered Bank Botswana expects profitability to be lower by as much as P127 million. Absa is due to report on September 16, whilst SCBB will unveil before September 30.

The Botswana Stock Exchange has experienced robust growth since the pandemic ended, with the repatriation of pension funds and a warming economy, pushing prices up and boosting trading activity.

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