Sunday, June 26, 2022
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Metropolitan injects P152K into Chess Tourney

    FIDE seconds Trainer to BCF

    Makwala focused on making money this season

    Makwala focused on making money this season

    Athletes urged to desist from doping

    Athletes urged to desist from doping

    P3m needed for sports awards

    BNSC explains delayed Grants to NSAs

    The Mares need P7.2m for Africa Cup of Nations – Letshwiti

    Debswana boosts Mares’ preparations for AWCON

    Two local softball players move to Canada

    Two local softball players move to Canada

    Trending Tags

    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports
      Metropolitan injects P152K into Chess Tourney

      FIDE seconds Trainer to BCF

      Makwala focused on making money this season

      Makwala focused on making money this season

      Athletes urged to desist from doping

      Athletes urged to desist from doping

      P3m needed for sports awards

      BNSC explains delayed Grants to NSAs

      The Mares need P7.2m for Africa Cup of Nations – Letshwiti

      Debswana boosts Mares’ preparations for AWCON

      Two local softball players move to Canada

      Two local softball players move to Canada

      Trending Tags

      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home Companies & Markets

      A new dawn at the BSE

      Diversified income streams, efficient cost management and prevalence of a high performance culture where staff members adapt themselves as stakeholders are core aspects of the strategy.

      mm by Staff Writer
      June 2, 2022
      in Companies & Markets
      Reading Time: 3 mins read
      0
      A new dawn at the BSE

      BSE Chairperson, Lt. Gen. Tebogo Masire

      Share on FacebookShare on Twitter
      • BSE unveils new 5 year strategy
      • BSE to offer investors more diversified products

      The Botswana Stock Exchange (BSE) unveiled its new five-year strategy (2022-2026) that is aimed at positioning it as the preferred destination for issuers and investors by offering diversified products and services while leveraging on technology, innovation, relationships, proficiencies and subscribing to effective and efficient processes.

      BSE intends to achieve this Strategic Intent by pursuing specific goals, among them improving its proficiency and overall financial performance to support its stature as a for profit entity. To achieve this, the organisation says it requires diversified income streams, efficient cost management and the prevalence of a high performance culture where staff members adapt themselves as stakeholders in the company.

      The BSE also intends to develop robust strategic initiatives to attract and retain issuers, investors and products. This goal will be measured using the ratio of Domestic Market Capitalisation to Gross Domestic Product as well as the Number of Listed Securities.

      The BSE wants to leverage technology, innovation and processes to increase market activity and liquidity, leading to increased numbers of issuers, investors, products, diversity of the investor base and listed products, as well as improved levels of engagement by intermediaries/brokers, improved levels of awareness and literacy by the investor base. This goal will be measured by the average daily turnover in listed products.

      2022-26 High-Level Target, counted over the Strategic Plan period

      The BSE will also create an environment that promotes the competitiveness of the domestic capital market in relation to peer markets in order to support its growth ambitions. This will be achieved through establishment of regulatory frameworks and continual review in order to foster an environment conducive for attracting new issuers, investors and asset classes. This goal will be measured by the number of issuers.

      The four key goals of the Strategic Intent are expected to support the Vision of the BSE, which is “To Be a World Class Securities Exchange Delivering Innovative Products and Services.” The new strategy carries off from the 2017-2021 plan which was implemented on the backdrop of a slowdown in domestic economic performance, increasing regulatory requirements and reduced global sentiment in respect of the attractiveness of the domestic investment landscape.

      The latter years of the strategic plan (2020 and 2021) were characterised by the outbreak of the COVID-19 pandemic and concomitant containment measures, which impacted the overall business environment in Botswana. These developments have significantly impacted the capital market landscape with respect to the issuances, investor participation and the rollout of some of the activities entailed in the plan.

      Thus BSE says this backdrop has played an influential part in determining the extent of the completion and achievement of the five-year Strategic Plan, the pace of achieving the set annual initiatives and the cost of implementing the Strategic Plan. On an annual and half-yearly basis, the BSE says it assesses its performance using the Balanced Scorecard methodology and reports the performance to the Board. A review of the Balanced Scorecards for the years 2017 to 2021 indicates that company has achieved a larger portion of its objectives and managed to deliver most of its strategic initiatives over the past five years.

      Selected 2022-2026 Corporate Targets

      The BSE says this observation is corroborated by analysis conducted by specialists and the feedback from consultations with the Board of Directors of the CSDB and the BSE. But despite the efforts deployed in undertaking the initiatives, the company says it experienced setbacks emanating mainly from the systemic environment. These have impacted the forecast in terms of listed securities with a knock-on effect on the overall market liquidity. Nevertheless, the BSE says its financial performance continued to improve, noting that its overall performance during the 2017-2021 strategy period amounted to achievement of 91 percent.

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      Recent News

      • Letshego’s board chair resigns ahead of AGM tomorrow
      • Always find an Excuse to save first!
      • Corona remains the fastest growing beer brand
      • Seminar recognises critical role of digitalisation in insurance sector
      • Thuli Johnson bows out

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?