What happened this week

The Pula depreciates 1.1% against the Rand

Botswana Stock Exchange Announces Leadership evolution: Mr Kopano Bolokwe steps in as an interim Chief Executive Officer (CEO)

Absa gained 1 thebe on 9 April 2024, 3 thebe on 10 April 2024

The Pula depreciates 1.1% against the Rand

Good evening, the Pula has depreciated against the Rand by 1.1% and appreciated by 0.5% against the IMF Special Drawing Rights,

1-month period it lost 1.1% against the Rand, appreciated 1.5% against the Japanese yen, 1.1% against the Chinese renminbi, 0.8% against the British pound, 0.6% against the Euro, and 0.5% against the US dollar.

Over the year leading up to March 2023, the value of the Pula, the currency of Botswana, changed compared to other currencies. It went up by 0.8 percent when compared to the South African rand, which means you'd get a bit more rand for each Pula. However, it went down by 3.4 percent against the Special Drawing Rights (SDR), which is a basket of currencies used by the International Monetary Fund.

When we look at specific currencies within the SDR basket:

- The Pula lost value against the British pound, US dollar, and euro by 6.8 percent, 4.9 percent, and 4.3 percent respectively. This means you'd get fewer pounds, dollars, or euros for each Pula.

- But against the Japanese yen, the Pula gained value by 8.3 percent, meaning you'd get more yen for each Pula.

- And against the Chinese renminbi, it went up slightly by 0.4 percent, meaning you'd get a bit more renminbi for each Pula.[source: the Bank of Botswana.]

Botswana Stock Exchange Announces Leadership evolution: Mr Kopano Bolokwe steps in as an interim Chief Executive Officer (CEO)

Mr Kopano Bolokwe steps in as an interim Chief Executive Officer for Botswana Stock Exchange as Mr Thapelo Tsheole steps down from the position.

Mr Thapelo Tsheole was appointed CEO of Botswana Stock Exchange on 1st January 2016, and resigned in 01 March 2024. Mr Kopano is now the interim Chief Executive Officer.[source:Botswana Stock Exchange]

Absa gained 1 thebe on 9 April 2024, 3 thebe on 10 April 2024

Absa gained 1 thebe on 9 April 2024, 3 thebe on 10 April 2024 ending the day trading at P6.50, while Letshego Holdings Limited lost 1 thebe on 9 April 2024 to end the day trading at P1.21. [source: Botswana Stock Exchange]