BSE strives to improve bond market
Friday, August 12, 2016
Of late, the bourse stepped up its efforts to develop the local bond market to reduce reliance on bank loans and broaden investment opportunities.
According to the BSE market development manager, Thapelo Moribame the bond market plays a pivotal role in the development of the country’s economy.
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...