Equities soften on sluggish economy

BSE CEO Thapelo Tsheole
BSE CEO Thapelo Tsheole

The subdued performance of the Botswana Stock Exchange (BSE) is a reflection of a slowdown in companies’ earnings and a sluggish economy in general, the bourse said in a market update report.

The performance of the BSE, as measured by the benchmark Domestic Companies Index (DCI) has lost five percent in the first nine-months of the year.

In a third quarter (Q3) market update, the BSE says that despite an impressive 4.2% economic growth forecast for 2017, the sentiment on the ground is different with companies and perception surveys pointing to a subdued growth.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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