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Botswana Life rewards customers

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Botswana Life Chief Executive, Catherine Lesetedi-Letegele has thanked the Life-rewards top customers and merchants for their continued support towards the Life-rewards VISA card and Loyalty programme.

“To our loyal customers, the journey would have not been possible without your continued support. This is a new product not only in Botswana but the rest of Africa too, excluding South Africa. For all of you to have trusted us and gone on board with it is truly something to be proud of and I encourage everyone to continue supporting it,” she said during the Botswana Life life-rewards, merchants and customers meet and greet session in Gaborone last week.

She stated that the Life-rewards VISA card and Loyalty programme is another innovative delivery from Botswana Life enabling the company’s clients to be paid their claims and benefits into the VISA chip and pin card, then transact with it in the same way as a debit card.

BancABC underwrites the card. She explained that the Life-rewards card also has a built-in rewards programme called the Loyalty programme. “The Loyalty programme comes with great discounts from a variety of merchants throughout Botswana, health and travel benefits, members-only events, exclusive promotions and a highly discounted funeral cover of up to P30, 000 per family member.

As a cardholder of the Life-rewards VISA card, Botswana Life will pay free accidental death benefit of P5, 000.00 to your beneficiaries for each of your eight immediate family members. Not only that, you can top up or augment your Botswana Life funeral benefits with a highly discounted benefit of up to P30, 000, for up to eight of your immediate family members”, explained the CEO.

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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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