Stock market start Q3 on strong footing

The second week of the third quarter showed some substantial transactions on the Botswana Stock Exchange (BSE) with most of the domestic counters continuing to reach new highs.

A weekly market update by Motswedi Securities research analysts, Garry Juma and Tlotlo Ramalepa, shows that a total of 4.8 million shares worth P19.9 million were transacted during the week.

Of these volumes, the country’s largest microlender, Letshego traded 77.3 percent.

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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