Six more companies to trade on CSD

The six companies that are expected to start trading on the CSD are Standard Chartered Bank, G4S, RPC Data, ABCH, MRI Botswana and BIHL.Currently there are three companies, trading live on the CSD, namely FNBB, Sefalana and Turnstar. BSE CSD manager Masego Pheto said in an interview that the additional companies are expected to start trading beginning August 18, 2008.

"Since we started trading the three counters in the system," Pheto said, "it has not given us any problem at all. So our wish is to roll out as many companies as possible in a short space of time."He said the delay in trading more companies was that transfer secretaries and issuers have not yet agreed on certain contractual terms.