Connect with us

Business

Accounting technicians urged to further their studies

Published

on

Association of Accounting Technicians (AAT) graduates have been urged to study further otherwise the job market will not absorb them. Speaking during the Botswana Institute of Chartered Accountants (BICA) AAT graduation ceremony, BICA chief Executive Verily Molatedi said graduates should grab every opportunity and act on it if they have to be successful in life.

“This is just the beginning of your professional lives but given the acute unemployment out there, I wish to encourage you to study further and do it while you are still young,” said Molatedi. She said the need for finance and accounting professionals is a going concern and if graduates have to study further to add value to the economy, it will surely go a long way in addressing such a need.

She encouraged all graduates to enrol for the BICA qualification as well as to register with BICA as members as provided for in the Accountants Act of 2010. “ Registration with BICA will ensure that you get support from the Institute which will ensure that learning and development remains relevant to you at all stages of your career and hence the public will also develop confidence in your skills,” she said.

AAT Director of Marketing and Commercial, Andrew Williamson said Botswana AAT graduates are the largest group of all AAT programs in the world. There were about 350 graduates during the ceremony. He said AAT qualification is the difficult course, which demonstrates to employers that a graduate has proven that he can run through tough assignments and succeed.

“AAT qualification is difficult, it is the top of the trade and it demonstrates to employers that a graduate can break the odds,” said Williamson. BICA President, Rudy Binedell urged the graduates to work harder and look for available opportunities to work for themselves as finding job is not easy. “ Do not just rest on your laurels because you have attained the qualification but continue working hard and infinite possibilities surely abound. Given current unemployment figures, you might opt to work for yourself by providing accountancy services for other businesses,” said Binedell Binedell said as government deliberately steers from a resource-based economy to a knowledge-based one in an effort to diversify the economy, accounting profession should be at the forefront of economic activity to ensure sound financial management and corporate governance practice.

“That way we will undoubtedly help attract investors and subsequently the Foreign Direct Investment which is needed for any economy to thrive,” said Binedell. However, a recent report by the World Bank stated that in order for graduates to be job-ready, secondary education needs to inculcate 21st century skills and vocational skills demanded by employers. Currently there are 87 000 graduates unemployed in Botswana.

Continue Reading
Comments

Business

BSE upgrades online investor access

Published

on

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.

Continue Reading

Business

BSE complies with reporting guidelines

Published

on

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.

Continue Reading

Trending