Stanbic unhurried about BSE listing
Friday, August 09, 2019
Stanbic is the only unlisted member of the ‘Big Four’, Botswana’s biggest banks, which also include First National Bank Botswana, Barclays Bank Botswana and Standard Chartered Bank Botswana.
Stanbic’s listing has long been a subject of market speculation, with the bank previously hinting that it was considering an approach to the BSE.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...