BSE banishes Galane over unpaid listing fees

Canadian mining company, Galane Gold, which operates Mupane Gold Mining near Francistown, was delisted from the Botswana Stock Exchange (BSE) for non-payment of annual listing fees, Mmegi Business has learnt.

In a statement last week, the BSE said it has taken a decision to unilaterally terminate the listing of Galane Gold.

The termination follows an earlier suspension that was imposed on the company on July 13, 2017.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

Have a Story? Send Us a tip
arrow up