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BSE records P236.2 million turnover

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Botswana Stock Exchange (BSE) has recorded a turnover of P236.2 million from a volume 100.7 million shares traded as at March 31, 2018, the Market Status Report for period January 1 to March 31, 2018 reports.

The Stock Exchange had registered a turnover of P532.8 million and a total volume of 173.9 million shares traded during the same period in 2017. The report indicates that the year-to-date period turnover in 2018 was relatively less stable compared to the same period in 2016 and 2017.

According to the report, a relatively fewer companies accounted for a relatively larger amount of turnover over this period compared to the same period in 2017. This has been attributed to the fact that, the top three traded companies in terms of value, on a year-to-date basis, were Letshego Holdings Limited (P118.0 million), CA Sales Holdings Limited (P31.0 million) and First National Bank Botswana (P30.8 million) and these accounted for 76.2 percent of total turnover during the period to end of March 2018. During the same period in 2017, the top three traded companies accounted to 49.1 percent of turnover. During the first quarter of 2018, the ETFs market was less active compared to first quarter of 2017.

The volume of ETF units traded was 451 868 in 2018 while the turnover registered was P41.4 million. Over the same period in 2017, the number of units traded amounted to 3.1 million yielding a turnover of P122.9 million. Activity in the bond market had decreased in 2018 (period to 31 March 2018) compared to the same period in 2017.

The value of bonds traded over the period was P27.4 million in comparison to P91.2 million traded over the same period in 2017. Bank of Botswana (BoB), on behalf of government, held its first bond auction of 2018 on March 2, offering additional tranches of the BW007 (P77 million allotted), BW008 (P100 million allotted), BW011 (P100 million allotted), BW013 (not allotted) bonds and a Treasury Bill (P220 million allotted).

The BSE has registered one bond listing so far, being the BW013 bond, which was issued at the December 1, 2017 auction and listed on the BSE on January 24, 2018. In total, there are 44 listed bonds compared to 42 bonds as at March 31, 2017. Market capitalisation of listed bonds increased to P14.8 billion compared to P11.9 billion as at the same period in 2017.

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SMEs benefit from Consumer Fair growth

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The Botswana Investment and Trade Centre (BITC) has applauded Botswana Consumer Fair’s continued efforts to improve small to medium enterprises’ linkages.

BITC Chief Executive Officer, Keletsositse Olebile, when opening the fair, said the event has provided interactive forum for both local and foreign exhibitors. He said the shopping show has enabled manufacturers, wholesalers and traders to market their products directly to consumers, an alignment to government’s endeavors.

“As part of government intention, we continually encourage local sourcing by retailers and distributors,” said Olebile who is just few months into his new post. He further celebrated the growth of Botswana Consumer Fair over the years, attributing the expansion to quality of goods displayed at the previous shows.“Improved quality and increased variety of wares increases the interest of the visitors and makes them look forward to returning the following year,” said Olebile.

This year’s exhibitors at the 13th event still running under the banner: ‘It is more than just shopping’ have been drawn from Lesotho, Zambia, Swaziland, South Africa, Nigeria, Ghana, Kenya, Egypt, Japan, India, Tanzania and Zimbabwe.

Consumer Fair is a flagship event for Fairgrounds Holdings and provides a platform for small medium enterprises (SMEs) from the different sectors of the economy to showcase and promote their products and services. In addition, the SMEs are expected to establish long term business linkages and promote local manufactured goods.Fairgrounds Holdings is already optimistic that the Fair immensely contribute to the socio-economic development of the country through supporting SMEs.

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‘Involve SMMEs in standards development’-Minister

Keikantse Lesemela

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Minister of Investment, Trade and Industry, Bogolo Kenewendo appealed to Botswana Bureau of Standards (BOBS) to include the Small, Medium and Micro Enterprises (SMMEs) when developing the standards to improve the sector.

She said the Ministry of Investment, Trade and Industry has identified three areas of focus going forward which are modeled on SMME development, investment promotion and export development apexes. “I would like to implore you to include this sector in standards development processes and assist in improving SMMEs conformity to standards and compliance to technical regulations,” said Kenewendo.

Speaking during the BOBS Technical Committee Members appreciation ceremony on Thursday, Kenewendo explained that the important roles of standards are underpinned by the aspirations and intentions espoused in both diversified export led economic growth and job creation as priority areas. “It goes without saying that the diversification of the economy requires a National Quality Infrastructure and Technical Regulatory Framework that promote competitiveness of Botswana goods and services.”

She also emphasized that an effective National Quality Infrastructure and Technical Regulatory Framework are essential as they provide crucial links to global trade, market access and export competitiveness through their contribution to consumer confidence in product safety, quality and the environment.Since inception in 1997 BOBS has published more than 1700 standards through 48 technical committees across several sectors of the economy; 109 certification licences have been issued against some of these standards. Currently 46 Botswana Standards are being implemented through the standards regulations with a view to protecting the health and safety of consumers as well as protection of the environment.

On her note, BOBS Vice Chairperson of the Standards Council, Professor Edward Dintwa said standards are powerful tools for helping organisations that implement them to realize their potential, have access and compete in the global marketplace. “In this highly competitive and complex world, issues of sustainability and productivity, viewed from economic, environmental and societal perspectives require that businesses must be more efficient in their operations, which can be achieved through the implementation of standards”.

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