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B Injecting Capital for Development OCK Botswana Stock Exchange T S E X A C N H A B A W S N S G T EE O B NEWSISSUE NO. 3 • JULY – SEPTEMBER 2018 INJECTING CAPITAL FOR DEVELOPMENT P25 (INCLUDING VAT) Sold In Botswana Only FOREWORD t is a pleasure to welcome you to the third edition of the Botswana Stock Exchange (BSE) Publication, the BSE News. It is a pleasure to consistently share with you news pertinent to the stock market and the economy as a whole. I must say that even with the subdued economic conditions we are excited about the strides that the BSE is making in developing the Imarket. Although we are still on the path to demutualisation, we are not deterred by the amount of work that goes into getting ready for this transition. In 2018 alone, we have so far registered five (5) bonds and are In April 2018, we currently assessing some applications for equity listings. demonstrated our In April 2018, we demonstrated our prowess as a stock exchange when we hosted the first ever Africa & Middle East Depositories Association prowess as a stock (AMEDA) meeting hosted in Botswana. In total, 19 countries attended this meeting in Kasane from the 10th – 13th April at the Cresta Mowana exchange when we Safari Lodge. I am happy to say once again the continent recognizes our commitment to growing the capital market in Botswana and beyond, hosted the first ever and we are honored to inform you that BSE has been selected as the 2019 host of the African Securities Exchanges Association (ASEA) AMEDA meeting Conference which will see the African capital markets converge in Botswana. We aim to be the best in what we do, we aim to position hosted in Botswana. Botswana as a great destination for capital raising, and we aim to shine In total, 19 countries the spotlight on this beautiful country with abundant opportunities. The theme of this edition is the ‘Injecting Capital for Development.’ attended this This reflects not only our position as an exchange, but also, above all, the opportunities of the future that Botswana’s competitive and comparative meeting in Kasane advantages present. After all, our resilience as a stock exchange forms from the 10 – 13th the fundamentals from which we can energetically tackle all challenges that lie ahead and devise more sustainable, future-oriented business April at the Cresta models. Mowana Safari ‘Your Partner in Wealth Creation’ Lodge. Thapelo Tsheole Chief Executive Officer 1 BSE NEWS • JULY – SEPTEMBER 2018 ENROL WITH BAC PRESTIGIOUS POSTGRADUATE PROGRAMMES Ms Lesego Rankwaila 2017 Best Student - MSc Project Management (MBA) MASTER OF BUSINESS ADMINISTRATION MA IN PROCUREMENT AND LOGISTICS MANAGEMENT The MBA, offered in partnership with Sheffield Hallam University is The MA in Procurement and Logistics Management offered in partnership with designed to give students the skills, knowledge and experience to Sheffield Hallam University has been designed to provide students with an advance their career into organisational management, ensuring that a understanding and the relevant skills to procure /source on a global basis. The student graduates with the skills and confidence to become an agile and course is specifically targeted at people within the procurement and/or supply resilient leader for the future global challenges. chain sector, or people wanting to enter the procurement profession. BENEFITS OF THE PROGRAMME BENEFITS OF THE PROGRAMME • An opportunity to join a learning community of managers and leaders • Develops and equips you with a range of personal, professional, specialist from across a range of professions and industry backgrounds. skills and abilities relevant to the management of procurement activities. • Enhance leadership skills and knowledge through case studies that • The boardroom teaching style of delivery aims to familiarize you with enable you to practice and assess the impact of real-time decision executive environment, and prepare you for future leadership at executive making, embedding and demonstrating the skills needed during your level. career. PROGRAMME DELIVERY FORMAT PROGRAMME DELIVERY FORMAT • Block based delivery with self-managed study time means there’s minimal • Block based delivery with self-managed study time means there’s impact on your work or personal time. minimal impact on your work or personal time. DURATION: PART TIME, 2 YEARS DURATION: PART TIME, 2 YEARS Entry requirements: To join the MA programme, you should have a 2.2 degree, Entry requirements: To join the MBA programme, you should have a 2.2 or equivalent, and at least 2 years related experience, or significant managerial degree, or equivalent, and at least 2 years related experience, or significant and operational experience. managerial and operational experience. Closing date for applications is 31st July 2018. Closing date for applications is 31st July 2018. HOW TO APPLY? HOW TO APPLY? All applications should be submitted to: The postgraduate Office, BAC Fairgrounds, or All applications should be submitted to: The postgraduate Office, BAC Email: [email protected] or call 3953 062/ 2410 558 Fairgrounds, or Email: [email protected] or call 3953 062/ 2410 558 MSc PROJECT MANAGEMENT OVERVIEW OF THE PROGRAMME PROGRAMME DELIVERY FORMAT MSc Project Management, offered in partnership with the University of • Blended Distance Learning provides flexibility in arranging study-time Sunderland, is designed to enhance one’s career opportunities regardless of (no need to leave your workplace except for monthly five-day intensive work area. It is for people keen to move from their existing careers into Project tuition sessions conducted through at the Botswana Accountancy College Management and also those who wish to enrich their competencies with in Gaborone). Project Management skills. The programme provides a theoretical and practical exposure of project management knowledge, necessary for leading and PROGRAMME STRUCTURE managing complex projects in today’s global and highly competitive markets. • The programme runs for 24 months, from November 2017. The curriculum of the programme has been developed to meet the current • There are 7 taught modules and a project which gives students an needs of employers across diverse fields, both national and international, in opportunity to solve a real world problem involving both research and a line with the guidance of the relevant professional institutes. The Association practical element. of Project Management (APM) and the Project Management Institute (PMI) via • Assessment for taught modules will include research papers, case their respective “Body of Knowledge” publications. study analysis, system analysis/evaluation, formal paper reviews, and presentation. BENEFITS OF THE PROGRAMME • Assessments enable students to display various skills associated with • Enhanced career prospects in project management. Masters level learning. • Development of specific project management skills and knowledge relevant in a wide range of industry and service sectors. ENTRY REQUIREMENTS • The programme prepares one for a career in planning, managing and • A Bachelor’s degree in any discipline with a minimum classification of 2:2 controlling large projects in any work environment. (or above). • An internationally recognised Master’s Degree (on successful completion • A Higher National Diploma (HND) and substantial relevant work experience of the Programme). or equivalent professional qualification. • Reasonable fees payable in one or three installments. Closing date for applications is 31st August 2018 • Cost includes access to library facilities and online Emerald Journals, teaching materials except core text books. HOW TO APPLY? All applications should be submitted online. Visit: https://www.sunderland.ac.uk/study/engineering/postgraduate-project- management-study-centre/For Enquiries please contact: [email protected] or call 3953 062/2410 558 www.bac.ac.bw @BAC_BW BOTSWANA ACCOUNTANCY COLLEGE in BAC_BW Botswana Accountancy College CONTENTS ENROL WITH BAC CUSTOMER FEEDBACK PROCEDURE 5 SUBSCRIBE TO X-NEWS 26 MARKET STATUS REPORT FOR PERIOD 1 PRESTIGIOUS POSTGRADUATE KNOW YOUR STOCK MARKET TERMS 7 JANUARY TO 31 MARCH 2018 27 PROGRAMMES BROKER RESEARCH - AFRICAN ALLIANCE BSE 2017 – 2021 STRATEGY TARGET Ms Lesego Rankwaila 8 SECURITIES BOTSWANA 32 2017 Best Student - MSc Project Management (MBA) MASTER OF BUSINESS ADMINISTRATION MA IN PROCUREMENT AND LOGISTICS MANAGEMENT BSE HOSTS THE INAUGURAL OPENING BELL BROKER RESEARCH - MOTSWEDI CEREMONY 9 SECURITIES 36 The MBA, offered in partnership with Sheffield Hallam University is The MA in Procurement and Logistics Management offered in partnership with designed to give students the skills, knowledge and experience to Sheffield Hallam University has been designed to provide students with an advance their career into organisational management, ensuring that a understanding and the relevant skills to procure /source on a global basis. The student graduates with the skills and confidence to become an agile and course is specifically targeted at people within the procurement and/or supply Q&A WITH THE WORLD FEDERATION OF EXCHANGES 27TH MEETING OF AFRICA & MIDDLE EAST resilient leader for the future global challenges. chain sector, or people wanting to enter the procurement profession. CEO, NANDINI SUKUMAR 12 DEPOSITORIES ASSOCIATION (AMEDA) 37 BENEFITS OF THE PROGRAMME BENEFITS OF THE PROGRAMME HOSTED TO THE DELIGHT OF DELEGATES • An opportunity to join a learning community of managers and leaders • Develops and equips you with a range of personal, professional, specialist from across
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