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MessagePosté le: Jeu 26 Juil 2018 - 09:11    Sujet du message: Cheap Custom Jerseys Répondre en citant

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GABORONE, Feb. 7 (Xinhua) -- Botswana's leading brokers have commended the privatisation of Botswana Stock Exchange (BSE) as a welcome development that will greatly improve the problem of liquidity as it will attract international investors.

In an interview on Friday, BSE's Deputy Chief Executive Officer Thapelo Tsheole welcomed privatisation of the local bourse as a step in the right direction that will allow for flexibility of operations.

"This is a similar evolution that has happened all over the world. We will now operate just like any other private company, accountable to shareholders and able to source funding from shareholders," he said.

His comments come after parliament passed the BSE transition bill in December last year Walter Brown Jersey , paving the way for the bourse to be registered as a private company and transformed into a commercial entity.

Under the new dispensation, government will retain a 51 percent stake in the new company while the remaining 49 percent will be availed to investors, including stock brokers and asset managers.

The decision was met with scepticism from some players in the market, who expressed fears of possibilities of conflict of interest, especially since the new company will also be allowed to list on the local bourse. Others also expressed fears that the new entity Tyler Zeller Jersey , which will have shareholding from, among others stock brokers and asset managers, will throw caution out the window and gun for profits instead of protecting the interests of individual investors.

However, Tsheole said the corporatisation of BSE was in line with international trends as it has happened in more established stock exchanges.

"The BSE was established by an act of parliament and has always been owned by government. We raised funds from buying and selling of shares and government supplemented our expenses. But things have changed. Other exchanges have transformed into commercial entitles to facilitate more efficient operations," said the officer.

He further explained the BSE will now be able to source financing from other shareholders instead of depending on government. He also reassured investors that the transition will have no impact on trading as the same trading and listing rules will still apply.

Tsheole also ruled out any possibilities of conflict of interest Terry Rozier Jersey , saying the regulator will always be there to provide oversight and protect the interests of investors.

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