RMB urges businesses to hedge against exposures


Rand Merchant Bank Botswana (RMB), a division of First National Bank Botswana (FNBB), has implored businesses to use hedging instruments to manage risks associated with interest and foreign exchange rates and commodity prices.

Hedging is defined as a risk management strategy used in limiting or offsetting probability of loss from fluctuations in the prices of commodities, currencies, or securities. In effect, hedging is a transfer of risk without buying insurance policies.

RMB officials at a risk management workshop held in Gaborone on Wednesday, discussed hedging instruments available in other African countries, cross-border banking in Africa and methodology when executing large hedges.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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