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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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ADB grants BDC P4m for capacity building

Koobonye Ramokopelwa

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BDC head of human capital, Thabile Moipolai

African Development Bank has granted Botswana Development Corporation (BDC) over P4 million for training and capacity building of its staff members, the latter’s Managing Director, Bashi Gaetsaloe has disclosed.

The grant, which is $400,000 could not have come at a better time for BDC which has just begun a foray into the African continent. According to the Head of Human Capital at the investment arm of government, Thabile Moipolai, the grant will be used in areas such as investment, legal and risk, the three divisions which are considered critical as they continue to push the five -year strategy.

BDC has been given the leeway to invest outside Botswana and already some investments are being made in West Africa. Capacitating the staff in the above areas will come in handy for the African expansion.

Moipolai was answering a question from The Midweek Sun on Friday during the company’s annual stakeholder briefing where operational and financial reports for 2017/2018 were made public. The grant will be utilised in the next two years. BDC has reiterated its plan to continue to invest initiatives which are aimed at developing and retaining staff members.

“As we continue to build a strong BDC for the future, continuous learning and development is critical for our business success and therefore remains a priority area for Human Capital,” BDC 2017 annual report reads.

BDC has also developed a future focused competency based training that will be used to make informed learning and development decisions. “The (BDC) academy will also help BDC produce future leaders that are fluid and progressive through a bespoke leadership development,” reads the report.

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KBL announces return of Kickstart program

Koobonye Ramokopelwa

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Previous kickstart beneficiaries

Kgalagadi Breweries Limited, a unit of Sechaba has announced the return of Kickstart, a youth entrepreneurial development program that was suspended three years due to lack of financial resources, Managing Director, Renaud Beauchamp has told the media.

Before the program was put on ice, it had benefited over 70 small medium enterprises with funding, mentoring and market access assistance. According to Beauchamp, the revamped Kickstart will start next year, with an annual budget of about P1, 5 million. “We plan to invest in 15 new businesses every year,” he said at a press briefing which also announced a price reduction for its alcohol brands such as St Louis, Castel Lite and Black Label.

Successful applicants will receive about P200, 000 grants to execute their business ideas. Beauchamp stated that, they have been able to reintroduce Kickstart from ‘freed capital’ as a result of the recent reduction in Alcohol Levy from 55 percent to 35 percent. The clear beer price reduction comes after the Alcohol Levy, which made beer expensive, was slashed by President Mokgweetsi Masisi regime some few months ago.

Meanwhile, Assistant Minister of Trade, Industry and Investment has announced changes in trading hours for businesses that trade with liquor.

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