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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Profile of Botswana Building Society Limited
Botswana Building Society Limited operates in the Financials sector, specifically, the Real Estate 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|
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 the Real Estate industry. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|LETSHEGO||Letshego Holdings Limited||1.63b||0.76||+7.04%|
|NEWGOLD||NewGold Exchange Traded Fund||461.68m||156.50||+5.81%|
|SEFALANA||Sefalana Holding Company Ltd||2.26b||9.02||+0.56%|
|LETLOLE||Letlole La Rona Limited||632.80m||2.26||+0.44%|
|NAP||New African Properties Limited||1.96b||3.25||+0.31%|
|INVESTEC||Investec Group Limited||17.12b||53.67||+0.00%|
|FNBB||First National Bank of Botswana||7.25b||2.85||+0.00%|
|BIHL||Botswana Insurance Holdings Ltd||4.94b||17.50||+0.00%|
|BARCLAYS||Barclays Bank of Botswana Ltd||4.69b||5.50||+0.00%|