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BSE posts record turnover in QI

BSE CEO Thapelo Theole

The Botswana Stock Exchange (BSE) said this week that it recorded in the first three months in 2016 turnover of P702.2 million from a volume 187.1 million; the highest quarterly volume in 4 years.

The local bourse which is on an expansion drive said that turnover is highly stable in 2016 relative to the previous 4 years. During the same period in 2015, the BSE had registered a turnover of P557.8 million and a total volume of 154.7 million shares traded.

“This is augmented by the lowest coefficient of variation of turnover of 1.3 in 2016 in comparison to 1.8 and 2.4 in 2015 and 2014, respectively,” the BSE stated.

During the Q1 period, the top 5 trade companies in terms of value were Letshego (P339.1 Mn), Sefalana (P91.3 Mn), Choppies (P65.4 Mn), BIHL (P58.1 Mn) and FNBB (P41.7 Mn). Ultimately these five accounted for 84.8% of total turnover during the quarter.

The BSE observed that Domestic Company Index (DCI) depreciated by 3.8% in Quarter 1 of 2016 in comparison to an appreciation of 2.0% in the same period in 2015. The Foreign Company Index (FCI) registered an increase of 0.4% in Quarter 1 of 2016 relative to a marginal depreciation of 0.4% over the same period in 2015.

The BSE highlighted that Exchange Traded Funds (ETFs) market was relatively reduced compared to the same period in 2015. The volume of ETF units traded was 58,664 in 2016 while the turnover registered was P7.4 million. Over the same period in 2015, the number of units traded amounted 2,397,104 yielding a turnover of P126.5 million.

Meanwhile the NewFunds ILBI ETF which was listed on the BSE on 18th November 2015 has not traded on the BSE since listing. This ETF tracks the performance of the index comprising South African Government’s Inflation-Linked Bonds and it has a primary listing on the Johannesburg Stock Exchange (JSE). “On the JSE, NewFunds ILBI ETF has appreciated by 2.9% which could translate into an appreciation of 4.2% on the BSE when the 1.2% depreciation of the Pula against the Rand (as at 31 March 2016) is taken into account,” stated the BSE.

For the period under review, the performances of the NewGold and NewPlat ETFs have surpassed that of the DCI on a year to date basis. The sterling performance has been attributed to the strong appreciation of the prices of the underlying metals in global markets and the strengthening of the US Dollar against the Pula.

On the contrary, the activity in the bond market has significantly deteriorated in Quarter 1 of 2016. “Turnover values in 2016 are dwarfed by those realised in the same period in 2015. The value of bonds traded over the period was P7.2 million in comparison to P626.0 million traded over the same period in 2015,” BSE highlighted.

The BSE has 35 market listings and 3 stock indices. Foreign-based mining companies make up over 90%

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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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Business

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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