Experts project bearish outlook for BSE

Moribame PIC: MORERI SEJAKGOMO
Moribame PIC: MORERI SEJAKGOMO

Stock market analysts at leading brokerage firm, Motswedi Securities have painted a bleak outlook for the domestic bourse.

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.

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...

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