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Prepare to purchase BTCL shares on Monday

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Botswana Telecommunications Corporation Limited (BTCL) shares will be open to the public starting next week Monday. After delays, government has finally decided to sell part of BTCL to local investors as part of its privatisation initiative first adopted in 2000.

According to the Prospectus, which was made available just before Christmas, 462 million shares are up for grabs. The shares costs P1, 00 per unit and will be available for purchase until 4 March 2016.

Those who are interested in buying shares of the government-owned parastatals, can get copies of the Prospectus from any Barclays Botswana branch, the BTCL headquarters, select Botswana Post branches, BTCL retail outlets, select Choppies retail branches and the offices of sponsoring broker (Stockbrokers Botswana).

The Prospectus contains information on how BTCL shares will be bought, among other critical data.  BTCL, a fixed and non-fixed telecoms company is expected to go public on Friday 8 April. After listing, government will still have a majority stake in the company at 51 percent, while private investors will retain a 49 percent shareholding.

NOTE: As part of an initiative to sensitise the public on the BTCL shares sale, The Midweek Sun through its business pages will carry a number of articles to help investors understand better the shares they are about to purchase. The articles, which will be generated in-house, will start running next week Wednesday. Business Editor.

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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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