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Investors react to Barclays positive H1 results

Investors moved to grab shares from Barclays this week following the banker’s optimistic cautionary announcement which revealed that the half year results will come positive.  A recent market view shows that Barclays was the biggest gainer this week, going up by 17 thebe to close at 540 thebe from 523 thebe.

Barclays led the domestic companies as the Domestic Index saw a recovery this week by gaining 0.42 percent to close at 7428.64 points, while the Foreign Index was flat, closing at 1564.55 points. The Domestic Index woke from falling at 1.24 to close at 7397.77 points while the FCI was unchanged, closing at 1564.55 points. One transaction by Barclays was noted this week on BSE main board. The banker has 852,161,252 issued securities and market capitalization of P4, 601.67 million. Having a turnover of 891.00 Barclays had 165 securities which traded during week.

Barclays which is yet to adopt the gigantic ABSA brand which had impressive latest financial results, echoing the latest positive cautionary announcements which predicted that the results will be encouraging. The banker in its financial results for the half period year ended 30 June 2019, achieved a profit before tax of P387 million on statutory basis representing growth of 49 percent year-on-year. This was an increase from P260 million registered in 2018 half year.

“This performance was influenced by growth in income, contained costs and favorable credit losses. Total revenue is up year-on-year by P67 million, propelled by balance sheet growth and an increase in our fees and commission income. We continued to drive momentum across all our key segments to negate the effects of compressed margins arising from an increase in cost of funding,” said Barclays in a statement this week.

The Markets

Barclays which registered a change of 17 thebe or 3.25 percent, topped the list of BSE high flyers for this week’s market review, according to Stockbrokers Botswana Weekly Report. Property Company RDCP, moved from 220 thebe to 225 thebe which is a 2.27 percent or 5 thebe change.  New Funds changed up from 5055 thebe to 5122 thebe which is a 67 thebe change or 1.33 percent. The local bourse market turnover amounted to P24, 124,343 as 3,625,709 securities traded. For the ETF basket NewGold accounted for 83 percent of turnover while in BSE main board Letshego contributed 9 percent.

A slight movement was noted from the tourism and hospitality entity Chobe which moved from 1063 thebe to 1064 thebe registering a small change 1 0.09 percent. Some fell down like New Gold which plummeted from 16100 thebe to 16070 thebe, a decline of 30 thebe or 0.19 percent. Far Property Company also fell from 247 thebe to 246 thebe, a 1 thebe or 0.40 percent drop.

Last week BSE CEO Thapelo Tsheole during the opening bell ceremony put forth the Equity Market Performance for 3 January to 30 August 2019. He said the turnover was P1.18 billion while the average daily turnover was P7.16 million. There were 378.2 million shares which traded while the market capitalization was P407.8 billion according to Tsheole. The domestic companies are currently 24 while foreign companies are 9. Serala board has one company registered which is banker BBS.

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Business

Food prices continue to rise, but at a slower rate

28th November 2022

Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.

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Business

Still doing business the old way?

18th November 2022

It’s time to get business done better with MTN Business Botswana’s ICT Solutions.

Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.

More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.

Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.

A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.

Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
MTN’s evolution

For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.

As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.

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BIE to vitalize the Dignity of Engineers

9th November 2022

Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in  which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.

The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.

Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.

“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.

He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.

Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.

“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.

He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.

He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc

“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran

Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.

“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.

Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that  the BIE provides a fertile environment where they can meet, share ideas and grow professionally.

“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.

He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.

“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams

He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .

Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution  said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.

“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.

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