BSE cracks down on defaulters

No Image

The Botswana Stock Exchange (BSE) is proposing the establishment of a Default Board, where the securities of errant listed companies will be transferred and fined daily, as part of latest rules against non-compliance at the exchange.

The BSE’s new draft listing rules, published last week, are open to feedback from listed companies, brokers and registered advisers who are the targets of the new rules. Other stakeholders are also allowed to feed into the final listing rules, with a cut-off date of May 12.

If approved, the default board will be the BSE’s fourth after the domestic, foreign and venture capital.

Editor's Comment
Let us all go to vote

Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...

Have a Story? Send Us a tip
arrow up