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Sefalana donates P64 000 to Lesang Bana Care Centre

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Sefalana Holdings continues to support small retailers in their social responsibility projects, says Operations Director, Moagi Buzwani.

Through partnership with its banner group stores, Sefalana donated P64 000 to Lesang Bana Care Centre, which will be channelled to school development projects. Sefalana Cash & Carry has been in partnership with its banner group members, Super 7, Super Deal and City Saver Franchise stores over the past 18 years to donate to the needy organisations.

Speaking during the donation ceremony at Lesang Bana Care Centre in Metsimotlhabe last week, Buzwani said they are much aware of the competitiveness that the retail chain outlets have brought into the business fraternity and most of the villages that they now operate in used to be trading grounds of smaller independent traders.

“Despite the challenges that our Franchise Banner Group traders face, they have been bold in their social responsibility stance as demonstrated by their continuous efforts of ploughing back to the communities in which they trade,” said Buzwani.

He explained that smaller independent retailers are the lifeblood of the wholesale business and they have a significant role to play in growing the economy. “I am convinced that by working together as retailers and wholesalers, we will find solutions and improve business for our mutual benefit,” said Buzwani.

Sefalana group currently has over 450 banner group stores operating countrywide.  Buzwani highlighted that Sefalana Cash & Carry will always support the banner group with the equal amount they have raised to donate to the community.

Sefalana Group Marketing Manager, Reginald Klinck told Business Trends that they have been supporting the banner group contributions on rotational basis per region every year and this year they want to roll out the corporate social responsibility contributions in all the regions every year. “We try as much as we can to reach out to all places around the country,” said Klinck.

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BSE upgrades online investor access

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A recent BSE opening bell function.

Botswana Stock Exchange Limited (BSEL) will this year introduce a new clearing and settlement system, as part of efforts to improve operations of the bourse.

Speaking at the seventh opening bell ceremony, Chief Executive Officer, Thapelo Tsheole said the development will help improve liquidity and risk management. In addition, the new settlement system replaces the 2008 system while fast tracking introduction of security borrowing and lending, management settlement guarantee fund, as well as identifiers for companies and instrument.

BSEL has already awarded a contract to a Swedish company to implement the system which is also expected to digitalize Initial Public Offering (IPO), allow electronic voting for listed companies during annual general meetings (AGM) for absent shareholders.

The project, which is expected to take eight months once the two parties sign the deal, is part of efforts to have more online investors access for BSEL. Tsheole also revealed that BSEL website will undergo a revamp this year, allowing it to be more analytic, live feed shares, as they trade.“The tender is already out for the website and mobile application. It is a project that we had hoped to implement last year but because of logistic problems, we could not do it,” said Tsheole.

BSEL further plans to introduce two data display screens at CBD and at the stock exchange.“These will assist with information sharing and keep the market updated,” said Tsheole. Meanwhile, BSEL will not change its Automated Trading System (ATS) until 2022, according to Tsheole.“The system supports our strategy to grow the market and increase the average daily turnover levels to 18.0million per day by 2021,” said Tsheole.

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BSE complies with reporting guidelines

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Botswana Stock Exchange Limited (BSEL) has become the 5th bourse in Africa to comply and publish Environment, Social and Governance (ESG) reporting guidelines.

The development comes a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.“The BSE made a commitment to publish guidance on ESG Reporting. This commitment has been fulfilled.“

We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited.
Other stock exchanges that have complied with the SSE initiative on the continent are from South Africa, Nigeria, Morocco and Egypt.

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