From BSE the parastatal, to BSE Limited the company

Transition from Parastatal to Company

The full demutualisation of the exchange to a company called BSE Limited represented a historic milestone for Botswana and the capital market as a whole. Upon reflection, this has been a fairly shorter process, and one that was characterised by diplomacy and a concerted mission by the management of the exchange, the members of the exchange and Government of Botswana to modernise the domestic capital market. It is perhaps important to note that it happened at the time that the exchange was one-year shy of its 30 years of existence. This evolution elevated the position of the BSE in the African continent, as just a few of the 28 members of the African Securities Exchanges Association (ASEA) servicing 32 countries in Africa, have demutualised whilst just four have proceeded to self-list.