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Women talk business over a cup to tea

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Women in business have been advised to maintain a firm and strong ground in operating and running their business enterprises. This is a necessary trait for an entrepreneur especially for women who amongst others face challenges that include; intense competition from male counter parts, and cultural norms that tend to constrain full female entrepreneual participation. This was a discussion sparked at the WIBA annual high tea held this past weekend where female stewards gathered to explore the theme; ‘Be empowered and being a rare gem.’ This year’s installment was designed to teach aspiring entrepreneurs about the fundamental skills, attitudes, and discipline it takes to be an entrepreneur, through inspirational stories from accomplished entrepreneurs.

The guest speaker, Batsho Dambe-Groth told those in attendance that endurance goes a long way in achieving goals and reaching targets for any entrepreneur. She added that endurance does not mean that you have to burn yourself out, but rather means setting priorities, making a plan on how you are going to achieve those priorities and sticking to it. “Endure to achieve goals. If you are building your own business, you will have to keep setting and trying to meet higher and higher goals. Be prepared for that and for taking advantage of the occasional ‘plateau’ to draw breath and take stock,” she adds. Founder of Business Kraal, Neo Tlhaselo topped that up to say in enduring the process of becoming a sought after business person, one needs to learn to ignore the negatives at all costs.

“In becoming you, you will have people who will continuously feed you with negative talk, you will go to places full of negativity and negative personal relationships, but it is crucial that one ignores the negative voices,” she emphasised. Ntombi Setshwaelo who has grown to be a success in her own right said with a world full of dualities, it is important to choose wisely. “Work on the woman within, build her up, do right by her in every aspect of the way. If its relationships, job, or business deals, choose those that will enhance a better you,” she says. Thabo Mhlanga, a mentor, coach and personal development strategist amongst others, highlighted that any successful woman is a woman who has first learnt to build the woman within. “A broken woman cannot make it in business, the business world needs a strong, firm and bold beings that do not crack so easily.

Mhlanga also encouraged business women to look at being different as a bonus rather than a demerit. “Choose to stand out rather than fit in, that which stands out is noticeable and most likely to set trends and influence the business market as a whole,” he highlights. WIBA high tea aims to provide value for women’s involvement and excitement, something to look forward to on an annual social calendar. As an association, WIBA had the sole mandate of spearheading the concerns of women in business. To achieve this, WIBA continues to encourage members to interact and to engage in effective forms of networking which brought about various economic initiatives.

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Business

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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