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StanChart bags award for loyalty programme

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Standard Chartered Bank Botswana has been awarded the Best Bank for Loyalty Programme in Botswana during the 8th annual global banking and finance review awards recently.

According to a statement, the award is in recognition of the Bank’s 360o Rewards Programme launched two months ago. The bank’s product manager Donald Bodi is not surprised they have bagged the awards. “Rewards programmes are not a new concept in Botswana, but our 360O Rewards programme is one that truly does what it says – rewards you for just continuing with your normal spending behaviour with no restrictions on what type or grade of card you are using or which merchant you are spending at. It is holistic (360O) rewards. We are offering our clients real life value-add to their banking experience.”

Standard Chartered is a Botswana-based bank and the oldest in the market. According to Brian Mfula, head of the retail products said they are excited to have launched the 360 degrees product. “Receiving the Global Banking & Finance Review Award is even more exciting considering that it has been live to clients for just less than two months. The growth in the usage of the platform since the launch confirms that our clients have experienced the innovation and convenience it offers and are sharing in our excitement. We are proud to receive this award, and thank our clients for making this award possible.”

360O Rewards is a fully digital end-to-end card loyalty programme that rewards all Standard Chartered Bank customers for their day-to-day spends on both credit and debit cards. All Standard Chartered Bank customers are automatically enrolled for the programme but are required to register a 360O Rewards account online to access the platform.

Global Banking & Finance Review is a leading Online and Print Magazine, read in over 200 different markets. Since its inception in 2011, The Global Banking & Finance Review Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. The awards were created to recognise companies of all sizes which are prominent in areas of expertise and excellence within the financial world.

The prestigious award will be published in the December 2018 edition of the London-based Global Banking & Finance Review. Alongside the Bank’s award for being the Best Consumer Digital Bank Botswana in the 2018 Global Finance Awards, This award makes it two (2) Internationally-acclaimed awards that Standard Chartered Bank Botswana has won in the last quarter of 2018.

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6 Best Forex Trading Platforms for Botswana Traders

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Overview

A trading platform is software which is designed to be used for trading purposes. Whether it is the opening, closing, and managing market positions through a broker, which facilitates trades and connects Batswana traders to global markets.

For Batswana traders to get the most and best out of their trading, it is imperative to ensure that traders choose and use a trading platform which will provide the best, most dynamic trading experience and environment.

1.  AvaOptions

This is a proprietary and innovative trading platform developed by AvaTrade, one of the most popular Forex brokers in the industry.

With this trading platform, Batswana traders are provided with complete control over their portfolio. Traders have access to more than 40 Forex pairs and a variety of strategies, spreads, risk reversals, and more.

2.  MetaTrader 4

MetaTrader 4 is one of the most used and popular trading platforms in the industry and offers the trade of Forex amidst other financial instruments.

MetaTrader 4 is free to use on desktop, web, and mobile platforms, and offers traders with a variety of options such as three execution modes, a variety of orders, 30 built-in technical indicators, 24 graphical objects, and more.

3.  MetaTrader 5

MetaTrader 5, an upgrade from MetaTrader 4, is an institutional, multi-asset and multi-functional trading platform.

MetaTrader 5 is free for desktop, web, and mobile use and features MQL5 language, comprehensive price analysis, algorithmic trading options, the ability to open 100 currency or stock charts simultaneously, 80 technical indicators, and more.

4.  cTrader

cTrader is a powerful desktop application which provides Batswana traders with a dynamic, and unique approach towards charting, manual and automatic/algorithmic trading.

cTrader has a user-friendly interface with a community featuring 1000s of indicators, trading robots, and documented educational material in addition to cloud data, 24/7 support, a hi-tech design, and Full STP trading, amidst numerous other functions.

5.  Thinkorswim

Thinkorswim is an innovation of TD Ameritrade which was launched in 2009 and has gained a substantial amount of popularity in recent years.

The trading platform offers traders with access to multiple assets including Forex, options, futures, ETFs, and stocks.

It is a desktop-based platform which offers free research, screening tools, real-time data, and numerous features including access to more than 400 technical studies, 8 Fibonacci tools, the ability to analyse option volumes, strategy back testing capabilities, and more.

6.  ZuluTrade

ZuluTrade is one of the most popular social trading platforms in the industry which is designed for use by all types of traders, from beginners to professionals.

It allows for customization, back testing of strategies, margin call metres, and more. It is one of the most trusted social trading platforms by both brokers and traders alike.

Final Thoughts

It is imperative that Batswana traders get the best from their trading, and to ensure that they are able to refine and improve their trading strategies, trading styles, and other aspects of trading.

It is therefore necessary that Batswana traders make use of the best broker suited for their needs in addition to a top-quality trading platform.

Open a FREE Trading Account here

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Gov’t swiftly acts on BMC

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Government has moved swiftly to place Botswana Meat Commission under the care of a management firm; the move is meant to put the Commission into shape both operationally and financially.

This was disclosed by Finance and Economic Development Minister, Dr Thapelo Matsheka, further stating the BMC is technically insolvent despite having received nearly P1billion as a bailout in recent times. The new management company will run BMC, which is based in Lobatse starting on the 2020/2021 financial year.

The finance minister made it crystal clear that, the move to appoint a caretaker firm for BMC was made to protect the interests of all stakeholders, including farmers. According to Matsheka, the Minister of Agriculture Development and Food Security, Dr Edwin Dikoloti will provide more details on the BMC changes in due course during his committee of supply speech. Government is also proceeding with the conversion of BMC to a company under the Companies Act following the approval of BMC Transition Bill and subsequent repeal of the old Act.

The repealing of the BMC Act has since eliminated the monopoly of the Commission when it comes to beef and cattle export. The repeal has also enabled government to establish a beef regulator which will be responsible for regulating the beef and the cattle sector. “Another aspect of the transition is the ultimate privatization of BMC.

The objective of the privatization of BMC is, among others, to engage the private sector in the ownership and management of the BMC to achieve operational efficiency and profitability, as well as reduce Government’s future financial commitments in the entity. This would be an important process in the transformation of the beef and cattle sector,” noted Matsheka. BMC which is 100 percent owned by government has been operating with losses for many years due to internal and external challenges such as poor supply and Foot and Mouth Disease(FMD).

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