Standard Bank of South Africa announced that the Botswana Stock Exchange will proceed with the next step of dematerialisation on 3 November.
On that day, Chobe, Engen, RDC Propertiese and FSG will move to dematerialised listed equities, in step with the exchange’s larger strategy to move to transfer to CSD.
The firm advises consumers to hold their assets in either Stanbics existing nominee account at the CSD or request their own name segregated accounts at the CSD.
For more information about the transition, click here.