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Domestic Company Index down by 2.5 %

Domestic-Company-Index

During the period 1 January to 31 July 2021 the Domestic Company Index (DCI) depreciated by 2.5% in comparison to a decrease of 5.3% during the same period in 2020 and the Domestic Company Total Return Index (DCTRI) appreciated by 0.7% in comparison to a decrease of 2.3% in the corresponding 2020 period.

The Foreign Company Index (FCI) appreciated by 0.3% on a year to date basis in 2021 compared to a decline of 0.8% over the same period in 2020. As at the end of July 2021, a total equity turnover of P370.7 Million was recorded from traded volumes of 267.0 Million shares, compared to P405.3 Million recorded from 174.9 Million shares in 2020.

On a monthly basis, June experienced the highest turnover followed by July during the period under review. The top 3 traded companies during the period under review were Letshego (P67.2 Million), FNBB (P51.9 Million) and Sefalana (P50.1 Million). The total turnover from these 3 companies accounted for 45.7% of total equity turnover; with the leading counter Letshego accounting for 18.1% of total equity turnover.

In comparison to the same period in 2020, the top three traded companies accounted for 47.2% of total equity turnover, with the leading counter Sechaba accounting for 17.0% (P69.1 Million) of total equity turnover. Of the 30 listed companies, 13 depreciated in share price, 10 appreciated in share price while seven experienced no share price change.

The top gainer was Tlou with a 51.5% growth in share price, followed by SeedCo and Lucara with gains of 45.9% and 41.9% respectively. Sechaba experienced the biggest decline in share price of 21.1%, followed by Turnstar and Absa with declines of 20.8% and 17.8% respectively.

In terms of Investor Contribution to Equity Turnover local companies contributed 65.5% to total equity turnover or P243.0 Million in monetary terms while local individuals   contributed 6.2% or P23.2 Million in monetary terms during the period under review.

Foreign companies contributed 22.1% or P82.0 Million to total equity turnover, while foreign individuals and brokers contributed 6.0% (P22.4 Million) and 0.1% (P0.2 Million) to equity turnover respectively. The Domestic Company Index declined by 2.5% so far in 2021 compared to the index tracking Emerging Markets equities (MSCI EM) which lost 1.0% of its value.

The Johannesburg All Share Index (JSE ALSI) appreciated by 16.1%, while the SEMDEX increased by 16.3% in local currency terms over the period. In US Dollar terms, the DCI lost 4.8% due to the strengthening of the US Dollar against the local currency. The SEMDEX and JSE ALSI on the other hand appreciated by 9.1% and 17.1% respectively.

In terms of Exchange Traded Funds (ETF) turnover thus far in 2021 amounted to P70.1 Million in comparison to P98.7 Million generated during the same period in 2020. In terms of volume, ETFs traded 402,544 units in 2021. The NewFunds and NewPlat ETF prices gained 8.3% and 32.3% respectively, while NewGold ETF price declined by 5.6% so far in 2021.

The value of bonds traded during the period under review was P979.7 Million compared to P683.1 Million traded during the same period in 2020. As at end of July 2021, the market capitalization of listed bonds stood at P22.1 billion.

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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