Experts project bearish outlook for BSE
Friday, June 09, 2017
The experts are of the view that the spell of tight liquidity that has beleaguered the Botswana Stock Exchange (BSE) since the beginning of 2017 is not likely to ease any time soon.
Motswedi Securities head of research, Garry Juma said they expect the trend to continue for the better part of this year due to the prevailing mismatch between supply and demand in the market.
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...