Flo-Tek ponders BSE listing

The Lobatse-based pipe manufacturing firm, Flo-Tek is pondering on listing on the Botswana Stock Exchange (BSE).

Promoters of the company believe that the move to list on the bourse will be the company’s way to increase local ownership.

Flo-Tek chief executive officer Vijay Naik told BusinessWeek in an interview that the BSE listing would be the company’s first move to become a public entity.

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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