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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 8 May 2020

Summaries of today's leading financial news

By Kefetse Denise Molopo

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Fiscal injection to mitigate Covid-19 economic impact low – Economists fear that the fiscal measures put in place by government to lessen the impact of Covid-19 on the economy are significantly less than what is needed. (The Voice)

Court orders African Alliance to return BPOPF assets - The High Court has ruled in favour of the Botswana Public Officers Pension Fund (BPOPF) in a matter in which the fund sought to bind African Alliance to comply with its instructions to transfer its assets to preferred asset managers, The Business Weekly & Review established. (The Business Weekly & Review)

AFSIC fears a negative impact on financial results - The Directors of Afinitas have announced that they continue to monitor the COVID-19 pandemic and its impact on the Group. Africa Events Limited is a specialist events business that hosts investor-oriented events focused on increasing investment into Africa. (The Business Weekly & Review)

Lockdown cost Botswana P10.8 billion - Botswana economy has lost P10, 8 billion since the start of the lockdown on the 2nd of April 2020. The economy has been on a lockdown for a total of 36 days as of today (Friday). (Botswana Guardian)

Afinitas buoyant despite Covid 19 pandemic - Botswana Africa-focused investment business, Afinitas has announced that the group remains stable with sufficient cash reserves to support it for the foreseeable future. (Botswana Guardian)

Bayport warns consumers on payment holiday - Financial services company, Bayport has warned consumers against taking a payment holiday if covered for loss of income by a credit insurance policy. (Botswana Guardian)

BSE cements position in the front markets post demutualization – A year and half after demutualization, the Botswana Stock Exchange Limited (BSEL) is celebrating completion of the process without hiccups. (Botswana Guardian)

BURS announces new tax management system - Botswana Unified Revenue Services (BURS) has announced that the new Lekgetho Live Tax Management System is scheduled to go live next week. (Botswana Guardian)

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