The Domestic Companies Index (DCI) began the first day of August 2011 in positive territories, marginally up by 0.06 percent to 7,193.16 points despite a loss in Letshego. On the other hand, Foreign Companies Index (FCI) was unchanged at 1,805.36 points in the absence of no movements on the Foreign Equity Main Board. For the day, a total of just 70,852 shares worth P146, 320 were traded as compared to 556,450 shares worth P824, 928 that were traded the previous session. Movements were only recorded in two counters, with Botswana Diamonds (BOD) gaining 1.9 percent to 53thebe, whilst micro lender Letshego shed 0.6 percent to 181 thebe. NewGold ETF lost 0.23 percent to close at 10,205 thebe per debenture unit after trading 38 units valued at P3, 878.
De Beers’ subsidiary
wins top award
De Beers’ subsidiary Diamdel won the Ruban d’Honneur as part of its participation in the European Business Awards. Diamdel is currently representing Belgium in the European Business Awards and wining the Ruban d’Honneur is part of the second round of the selection process. “Receiving a Ruban d’Honneur is an impressive achievement and celebrates businesses who demonstrate exceptional performance within their sector,” the company said in a release. Diamdel will now compete as a ?nalist within the HSBC growth strategy of the year award and try to win the European Business Award. HSBC is the award’s sponsor. Adrian Tripp, Chief Executive of the European Business Awards, said, “Receiving a Ruban d’Honneur is a major success. It promotes the fact that you’re up there with the best businesses across the European community.”
Prime Time announces interest distribution
Prime Time has notified that an interim interest distribution comprising interest of 5.30 thebe per linked unit in respect of the year ended 31 August 2011 has been declared payable to those linked unit holders of 179,890,200 linked units registered in the books of the Company at the close of business on 12 August 2011. The company revealed that the cheques and bank transfers pertaining to this distribution will be dispatched by the transfer secretaries on or about 31 August 2011. “In compliance with the requirements of the Botswana Income Tax Act, withholding tax at the applicable rate will be deducted by the Company from interest paid to registered unit holders, unless they are specifically exempted.”
(Motswedi Securities/ Idexonline)