Profit takers weigh on BSE

The domestic board of the Botswana Stock Exchange (BSE) was trending down last week reflecting signs of more profit taking by investors.

Motswedi Securities analysts, Tlotlo Ramalepa and Garry Juma indicated in the weekly financial markets highlights that this year’s second week of the fourth quarter did not provide much captivating activity.

However, they said prospects and developments from the property industry were some of the highlights during the week.

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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