{"id":36345,"date":"2023-10-13T06:22:42","date_gmt":"2023-10-13T06:22:42","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=36345"},"modified":"2023-10-13T05:14:59","modified_gmt":"2023-10-13T05:14:59","slug":"bse-to-float-exchange-traded-fund-with-10-u-s-companies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies","title":{"rendered":"BSE to float Exchange Traded Fund with 10 U.S companies"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Botswana Stock Exchange\u2019s ( BSE\u2019s ), chief executive officer, Thapelo Tsheole said Wednesday that they are gearing up to float Exchange Traded Fund (ETF) composed of the top 10 USA companies in the near future.<\/b><\/p>\n

This comes at time when BSE is working on a plan with other seven leading bourses across the continent\u2013 with a combined market capitalisation of USD $ 2.6 trillion \u2014 to get connected.<\/p>\n

\u201cWe hope to list one ETF this year that will have a basket of the top 10 USA companies. This will include the likes of Apple and others.<\/p>\n

\u201cThis will give exposure to the top 10 USA companies and exposure to buy shares that are in strong currency as the US dollars,\u201d he said. The move is also expected to prop-up the image of the BSE as it gets into a race to hit P 1 trillion in the next two- to three years. BSE is working on broker connection with other African exchanges expected to be operational by early next year.<\/p>\n

A capital outlay of US $ 600,000 or P 8.2 million is already in place for the project that will connect Africa in terms of financial services.<\/p>\n

\u201cThe problem is that people tend to look on the side of goods when talking about trade within Africa. Services can be very big,\u201d he added. He said the exchanges in Africa are working around the clock to put up clearing system which is expected to be operational; early next year.<\/p>\n

\u201cWe are talking to Pan African Settling System to sort things out. The discussions are active now and we will see in the new year on how things will go,\u201d he said.<\/p>\n

The leading stock markets that are trying to get connected are: (BVRM) which are the seven countries of West Africa, Botswana, Egypt, Johannesburg Stock Exchange, Mauritius, Morocco, Nairobi and Nigeria.<\/p>\n

The stock markets have 2000 companies with market capitalization of US $ 2 trillion.<\/p>\n

Meanwhile, NewGold issued by Absa Bank \u2014 an ETF\u2013 released strong set of results this week showing total revenue having gone up from R 41.5 million ( P 29.6 million) to R 71.5 million or P51.1 million like-on-like to end of March 2023.<\/p>\n

The shows 200 percent growth rate since the ETF was listed on the BSE in 2012.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Botswana Stock Exchange\u2019s ( BSE\u2019s ), chief executive officer, Thapelo Tsheole said Wednesday that they are gearing up to float Exchange Traded Fund (ETF) composed of the top 10 USA companies in the near future. This comes at time when BSE is working on a plan with other seven leading bourses across […]<\/p>\n","protected":false},"author":84,"featured_media":36344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,244],"tags":[233,237,234],"class_list":["post-36345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBSE to float Exchange Traded Fund with 10 U.S companies - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana Stock Exchange\u2019s ( BSE\u2019s ), chief executive officer, Thapelo Tsheole said Wednesday that they are gearing up ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BSE to float Exchange Traded Fund with 10 U.S companies\" \/>\n<meta property=\"og:description\" content=\"Botswana Stock Exchange\u2019s ( BSE\u2019s ), chief executive officer, Thapelo Tsheole said Wednesday that they are gearing up ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-13T06:22:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697161345.178482.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BSE to float Exchange Traded Fund with 10 U.S companies\",\"datePublished\":\"2023-10-13T06:22:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies\"},\"wordCount\":384,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1697161345.178482.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bse-to-float-exchange-traded-fund-with-10-u-s-companies\",\"name\":\"BSE to float Exchange Traded Fund with 10 U.S companies - 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