BotswanaAntitrust/Competition Law
De Beers, Avis and the McCarthy retail group have announced their decision to list their shares on the small and relatively young Botswana Stock Exchange (BSE). McRetail (whose subsidiaries include Bee Gee clothing stores, Beares furniture and Game Discount Supermarket) are already listed on the JSE and plan to list on the Namibian Stock Exchange. The dual listing on the BSE will take effect on 8 April 1997. According to a statement released by Fleming Martin SA Ltd, McRetail has applied for the listing of its ordinary shares on the BSE and NSE "to demonstrate its commitment to the development of Botswana and Namibia and their economies, and to ensure accessibility of its shares to the people of Botswana and Namibia".
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