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269 ISBS graduates join job market

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The rebranded Damelin College – Imperial School of Business and Science (ISBS) – on Saturday produced its first batch of 269 graduates from a range of world recognised programmes.

Officiating at the ceremony deputy permanent secretary in the ministry of education Labane Mokgosi challenged graduates to contribute to the country’s small and concentrated economy, which badly needs diversification from diamonds.

“ISBS’s milestone is an achievement to us as well as we are on a quest to become a knowledge based economy and it is possible for our skills to drive regional and global industries” said Mokgosi.

The 269 graduated with advanced diplomas and diplomas from Association of Accounting Technicians (AAT), Business Management, Business Skills, Human Resource Management, Marketing, Advertising and Public Relations Management, Marketing Management, and Travel, Tourism and Hospitality Management.

ISBS chairperson Santosh Sharma promised that as Botswana economy diversifies and develops in all facets, the education institution will constantly research to design courses which will meet the needs of growing industry. 

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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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