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Easy Bumper causes a buzz in the city

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There is a new business in the city that has got everyone talking- Easy Bumper Panel-beating and Spray. The mastermind behind it is Lerala born, Ezakiel Selaelo better known as Moruti. It’s a 24 hours breakdown service that operates from G-West Industrial but is already known across the country. The business covers; panel beating and spray painting, side skit and bumpers, smashing, pimping, repairing, moulding spoilers and bumpers lips to mention a few. It also deals with car interior as well as glazing and polishing and also provides auto mechanic services.

Selaelo started the business in 2013. Before then he’d been working as a mechanic for Inter Links Company in Palapye since 1999. “I dealt with body work at first then later in 2001 I started painting and my work was always appreciated,” explained Moruti. He ended up becoming independent and pimped people’s cars. Currently the Company’s blue BMW, which many believe was pimped in South Africa, is their pride, as everyone wishes to be associated with it.

Easy Bumper Manager, Sadie Abueng said that the business is trending at the moment, as people are interested in beautifying their cars. “We get customers from as far as Maun and if the car can’t move, we tow it from wherever it is to fix it here,” she explained. When it started the business faced many challenges because they used weaker paint, which usually peels off when it gets very hot. They have since switched to quality paint. He says a car has to be painted after every three months and glazed to re-condition it. “Cars should also be kept under the shade to avoid direct sunlight and they should also be washed with soap that has wax to help prolong the paint,” explained Moruti.

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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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