NewPlat debuts on BSE

BSE CEO Hiran Mendis (left) with Mike Chriselis launching the NewPlat on Friday
BSE CEO Hiran Mendis (left) with Mike Chriselis launching the NewPlat on Friday

The new platinum Exchange Traded Funds (ETF), NewPlat is expected to perform higher than other ETFs, as demand for platinum is high in the market.

NewPlat is an instrument through which one can invest directly in physical platinum bullion through the Botswana Stock Exchange. NewPlat Securities are designed to track the price of platinum, and creates an investment tool enabling institutional and retail investors to invest in a listed security that is fully backed by platinum.

Speaking at the launch of NewPlat on Friday, ABSA Head of African Markets, and Mike Chriselis said they are sure the product will perform well in the market as it is already in high demand globally. “New Platinum is in high demand globally, so for Botswana markets we are sure it will perform extremely well as the market is easily accessible,” he said.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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