Retail investors rise 200% on BSE

Mendis
Mendis

Shares trading by individuals on the Botswana Stock Exchange (BSE) have jumped nearly 200 percent in the past five years, a development the bourse says is an indication of improvement in financial inclusion.

According to the BSE 2013 Annual Report released this week, local individual contribution to turnover in 2013 was 8.7 percent rising by nearly threefold over the past five years from three percent in 2008.

The BSE registered a record turnover of P2.3 billion in 2013, meaning retail investors traded shares worth P200 million on the bourse in the year.“Over the past three years, local individual investor contribution to turnover has averaged 8.4 percent.

Editor's Comment
The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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