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Barclays hosts retailers market day

Keikantse Lesemela

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Choppies is arguably the biggest retail store in the country

Barclays Bank Botswana has this year organized the retailers market day event to enable consumers to interact with local retailers and wholesalers.

According to Barclays Bank Botswana Head of Local Corporates, Kagiso Moloi said, the platforms offer the retailers an opportunity to showcase their products to existing and prospective customers.

“In Botswana there is no opportunity for retailers to showcase their products and through this exhibition we have partnered with local retailers to showcase their products and interact with consumers,” said Moloi.Major retailers including Sefalana, Fours, Choppies, Trade World and other supermarkets, gathered under one roof to sell and promote their products.

Moloi explained to this publication that as a bank they have observed a trend in which Batswana spend a lot of money buying groceries in bulk by the end of the year.The bank has therefore come up with tailor made solutions for their customers.

As the year ends, most Batswana will flood local supermarkets and wholesalers to buy groceries through Motshelo, an informal group savings scheme. “Consumers bank with us through our Motshelo account and the retailors also bank with us so we want all our customers to benefit from our services”, he said.

Motshelo group savers account requires P500 opening deposit, a minimum of three members, Omang or passports of two signatories, proof of residence and names as well as a confirmation by members of the club. In return, the members receive free P2, 000 accidental cover for 10 members, a cheque book, monthly statements, SMS alert.

The product enables Batswana to shift from informal and risky methods of saving money. Moloi pointed out that Barclays Retailers Market Day will be an annual event and will include local manufacturers and suppliers next year.

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Business

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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