Stock Exchange Reacted Late To Recession-Gaolathe

"While world markets started reacting to the financial crisi  s around August and September 2008, the Botswana market reacted to the crisis rather late from mid-October 2008," Gaolathe said.

The minister said when other markets were falling in response to the financial crisis, the Domestic Company Index (DCI) was on an upward trend, appreciating by 18.5 per cent while the Foreign Company Index (FCI) declined marginally, by 1.4 percent at the same time.