Markets

Motswedi Securities’ take on BoB rate cut

The Bank of Botswana (BoB) has reduced the Bank Rate from 6% to 5.5%. The last interest rate cut was made almost a year ago on the 6th of August 2015 by…

Thomas Murray rewards BSE for dematerialising shares

As a result of achieving 100% dematerialisation the CSDB has been given a rating of BBB with a positive impact by Thomas Murray Data Services. Further, the CSDB has been rated A+…

BSE Open Day slated for Francistown

The Botswana Stock Exchange (BSE) will host an open day in Francistown next month as part of its efforts to take educate Batswana outside Gaborone—where the exchange house is located. The overall…

Fairfax buys Zurich Insurance’s Botswana operations

Fairfax Financial Holdings Limited said it has entered into an agreement with Zurich Insurance Company Ltd to acquire 100% of its South African and Botswana operations, Zurich Insurance Company South Africa Limited (ZICSA). The transaction is subject to customary…

BSE in mixed trading in Q1 and Q2

The Domestic Company Index (DCI) of the Botswana Stock Exchange (BSE) lost ground in the first two quarters of the year reversing the gains it made on the comparative period in 2015.…

Corporate bonds cheer dull BSE debt market

The Botswana Stock Exchange (BSE) bond market has declined year-on-year although there was more activity in the corporate debt instruments. The BSE said on its market performance report up to the period…

Impairment Exercise Hits BTCL’s Topline

Botswana Telecommunications Corporation Limited (BTCL) recorded a large loss on its maiden results as a public company and blamed it on a number of factors including subsidies by governments as a mandate…

PrimeTime Floats P105 Million Note On BSE

PrimeTime Property Holdings Limited, the Botswana Stock Exchange (BSE) listed property investment company said it has listed two notes on the bourse as it looks to diversify its funding options. The notes…

NAP pushes BSE to historic daily gains

NAP rocked the market this week with a P457.27 million record breaking deal. The property company, which boasts Riverwalk Mall amongst its holdings, traded over 156 million shares on Wednesday (June 15,…