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Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news. |Source: Hotwire
Finance News (Print)

Finance News 12 June 2020

Summaries of today's leading financial news

By Mbaakanyi Macheke

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Lekaukau tipped as BPOPF CEO – Former Standard Chartered Bank Botswana Chief Executive Officer (CEO), Moatlhodi Lekaukau has reportedly replaced Boitumelo Molefe as the Chief Executive Officer (CEO) of Botswana Public Officers Pension Fund (BPOPF), Mmegi has learnt. (Mmegi)

Moody’s changes BDC’s outlook to negative – Global credit ratings agency, Moody’s has changed the outlook of the country’s investment arm, Botswana Development Corporation (BDC) from stable to negative. (Mmegi)

Govt’ raises P1.35bn debt – Government recently raised P1.35 billion via the auction of a treasury bill and three bonds. (Mmegi)

Motshidisi to leave Absa Bots – Former Bank of Botswana deputy governor, Oduetse Motshidisi is due to step down as chairperson of Absa Bank Botswana at the end of the year. (Mmegi)

‘COVID-19 a wake-up call’ – The country’s leading life insurer, Botswana Life, says the coronavirus outbreak is a wake-up call on the country’s low level of coverage. (Mmegi)

COVID-19 to force tax arrears up P1.4bn – The impact of the coronavirus (COVID-19) could push tax arrears owed to the Botswana Unified Revenue Service (BURS) by up to P1.4 billion this year, worsening the taxman’s already horrible 2020. (Mmegi)

BSE turnover levels reached high in March - The Domestic Company Index (DCI) experienced a depreciation of 2.3 percent during the period 1 January to 31 May 2020 in comparison to a 1.6 percent decrease registered in the same period in 2019, a Botswana Stock Exchange market report revealed. (The Business Weekly & Review)

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