General Tebogo Carter Masire has been appointed as the new Chairperson of the BSE Main Committee. He takes over from Reginah Sikalesele-Vaka.
General Masire’s immediate role as the new chairperson is to lead the board of directors in reviewing, formulating and monitoring the implementation of sound business strategy and ensuring availability of adequate resources to meet BSE’s objectives. He will also ensure that proper corporate governance structures and standards are in place at the BSE.
Following its recent special main committee meeting, BSE announced the appointment of Goitseone Kgaodi as the vice chairperson while Martin Makgatlhe was appointed the Treasurer. The office bearers assumed office effective 30 May 2016.
General Masire who is a former Botswana Defence Force (BDF) Commander General is also the Chairman of board of directors at the National Airline, Air Botswana. He replaced Nigel Dixion-Warren at the embattled airline.
Gen. Masire is a graduate of the US Airforce Command and staff College and the Naval Postgraduate School. He is an International Honour Roll Inductee of the US Air University. He holds a Diploma and Bsc from Troy State University and an MBA from University of Southern Queensland, Australia.
He retired from the military on the 31st July 2012 after 5 years as Chief of the Defence Force. He first worked at the department of civil aviation as an air traffic controller before joining the Botswana Defence Force at its inception in 1977 as an officer cadet.
Although all BSE’s committee members including the Chairman serve for a period of one (1) year, they are eligible for re-election after their term in office expires.
Meanwhile, BSE Chief Executive Officer (CEO) Thapelo Tsheole said following the approval of the new listing requirements by NBFIRA, the BSE commenced consultations with the relevant stakeholders prior to implementation on June 1 2016 as previously communicated to the capital markets participants in several previous occasions.
Tsheole further said from the aforementioned consultations, BSE has found that there are several significant matters which require the BSE to consider and make a ruling on before they are rolled out to the market. Tsheole believes that from the feedback from market participants, these matters are significant enough to warrant postponement of the launching of the new requirements from the planned date.
“Therefore, BSE decided move the launch date to 1st September 2016, and deal further with the issues raised,” said Tsheole.