BBS - Botswana Building Society Limited
Botswana Building Society (BBS) Limited, established in December 1976 under the Building Society Act, is as an indigenous building society involved in property finance and the provision of services in connection therewith. During its first ten years of operation, BBS Limited was restricted by law to lend only against the security of immovable urban property. The Act was amended in April 1986 to permit lending in rural areas as well. Since then, the number of mortgages in respect of rural properties has grown to 699, representing 12% of the company's mortgage book, compared with 4,825 advances in urban areas.
On August 24, 2014, shareholders of BBS Limited resolved to approve a demutualization process, which converted the building society into a public company incorporated under the Companies Act of Botswana. Today, the company operates in the niche market of mortgage lending in the country with substantial presence. BBS Limited has nine branches in Botswana: three in Gaborone; and one in each of Lobatse, Serowe, Selibe-Phikwe, Francistown, Maun, and Kasane.
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BBS Stock Market Performance
The current share price of Botswana Building Society Limited (BBS) is BWP 1.00. BBS closed its last trading day (Tuesday, March 9, 2021) at 1.00 BWP per share on the Botswana Stock Exchange (BSE), recording a 6.5% drop from its previous closing price of 1.07 BWP. Botswana Building Society began the year with a share price of 1.09 BWP but has since lost 8.26% off that price valuation, ranking it 27th on the BSE in terms of year-to-date performance.
Botswana Building Society is the 29th most traded stock on the Botswana Stock Exchange over the past six months (Jan 29 - Aug 3, 2021). BBS has traded a total volume of 6,791 shares—in 9 deals—valued at BWP 7,139 over the period, with an average of 54 traded shares per session. A volume high of 2,277 was achieved on February 18th for the same period. The table below details the last 5 trading days of activity of Botswana Building Society on the Botswana Stock Exchange.
Profile of Botswana Building Society Limited
Botswana Building Society Limited was founded on December 13, 1976 and operates in the Financials sector, specifically, the Real Estate Investment industry. The company is led by Pius K. Molefe as its Managing Director. The company's board of directors, chaired by Pelani D. Siwawa-Ndai, is composed of six members whose names are listed below.
- Siwawa-Ndai, Pelani D.
- Molefe, Pius K.
- Monthe, Kgalalelo N.
- Molosiwa, Richard
- Kanyuka, James M.
- Tlhagwane, Michael
|Factsheet of Botswana Building Society Limited|
Real Estate Investment
Broadhurst Mall (Kagiso Shopping Centre), P. O. Box 40029, Gaborone, Botswana
BBS Industrial Market Competitors
Botswana Building Society Limited, issuers of the BBS stock on the Botswana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Real Estate Investment industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
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|FNBB||First National Bank of Botswana||5.65B||2.22||+0.91%|
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