Listed entities need a second transfer duty exemption
Friday, October 18, 2019

Jonathan Hore
The new amendments bring about a lot of improvements to the Transfer Duty Act but there are some implementation issues that need consideration.
One of the issues which will prove to be a challenge is whether Botswana Stock Exchange (BSE)-listed entities are citizens for the purposes of the new Act, especially when they need to acquire immovable property or shares in a company holding immovable property.
The elections had two teams namely: Team Reshaping MISA and Team Integrity. All Team reshaping MISA member won except for one candidate for the Secretary post. One can say it was a long road to the elections, looking at the fact that it took four years for the elections to be held. MISA board elections are supposed to be held every two years, but they could not be held in time due to the outbreak of the COVID-19 pandemic, which affected many...