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National poverty incidence falls

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Statistics Botswana Poverty Survey results have shown that national poverty incidence have decreased slightly from 19.3 percent in 2009/10 to 16.3 percent in 2015/16. The survey results show that urban villages recorded a decrease in poverty incidence between the two periods from 19.9 to 13.4 percent, while in rural areas the poverty incidence marginally decreased from 24.3 to 24.2 percent. Presenting the results last week, Deputy Statistician General, Dr Burton Mguni pointed out that urban villages recorded a decrease in poverty incidence between the two periods from 19.9 to 13.4 percent, while in rural areas the poverty incidence marginally decreased from 24.3 to 24.2 percent.

Statistics Botswana carried out the Multi-Topic Household Survey last year to provide a comprehensive set of household level indicators for poverty and the labour market including employment and unemployment levels. Poverty incidence was disaggregated at district and sub-district level and the highest poverty levels were observed in Kweneng West with 50.6 percent followed by Ngwaketse West with 40.3 percent and Kgalagadi South with 39.5 percent while the lowest poverty incidence was recorded in Sowa Town at five percent.

Dr Mguni explained that the national average monthly household consumption expenditure was estimated at P3, 927.43 in 2015/2016, an increase of 28.9 percent, from P3, 045.93 estimated in 2009/10. “Consumption patterns as per the Classification of Individual Consumption by Purpose showed that at national level, households allocated significant proportions of their consumption expenditure to Transport, at 23.9 percent, followed by Housing Costs and Food at 17.8 percent and 12.8 percent respectively,” said Dr Mguni.

In cities and towns, households allocated 22.2 percent of their consumption expenditure to Transport, followed by Housing Costs at 19.7 percent and Miscellaneous items at 9.7 percent. For urban villages, the largest of consumption expenditure was allocated to Transport at 25.0 percent, followed by Housing Costs and Food at 18.8 percent and 12.8 percent respectively. In rural areas, the largest share of consumption expenditure was allocated to transport at 24.7 percent followed by Food at 21.4 percent and Housing costs at 12.4 percent.

Deputy Statistician General Malebogo Kerekang explained that the survey was a national sample survey covering a total of 7 188 households from cities and towns, urban villages as well as rural areas covering household demographics, education, health, labour and agriculture. Households were visited over a period of two weeks.

 

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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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