Tuesday, September 28, 2021

Masire upbeat as new BSE main committee chair

The newly elected Botswana Stock Exchange (BSE) committee chairman Tebogo Masire says the high number of participation of the indigenous Batswana companies at the exchange is key for the country’s capital markets.

In a telephonic interview with Sunday Standard on Friday Masire said that his priority was to increase the number of listed domestic companies. He observed that the business community and private companies had the potential to list and needed more insight.

“Small, medium, and large enterprises that are not listed companies should consider it to grow their companies,” said Masire.

Asked on his availability for re-election of the BSE Board of Directors, Masire said he believed that his re-election was a clear sign that the BSE committee was expressing confident and trust in his type of leadership as well as expressing satisfaction of the previous term as chairman the local bourse.

“I am confident that the new BSE strategy will grow the market and it is an honour for me to be a part of this transition,” he stated.

Masire is deputised by Patrick O’Flaherty, who has been appointed as vice chairman of the BSE main committee.

Meanwhile, BSE’s strategy had previously announced that for the period 2017 to 2021 it is expected to grow the ratio of the BSE’s market capitalisation to GDP from 34 percent to 40 percent by 2021 as well as increase the number of domestic companies listed from 24 to 30 in the same period. 

The local bourse previously announced that its target was to increase the number of foreign companies listed from 10 to 15 by 2021 as well as to increase the number of bonds listed to 50 in the period. It further has plans to increase the number of Exchange Traded Products (ETPs from the current four to 10 by 2021.

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