Stanbic Bank and the Botswana Stock Exchange (BSE) have partnered up to launch a stock market simulator. Stanbic will sponsor the platform to the tune of P1.49 million for a period of 3 years.
The simulator, a virtual platform mirroring real-time market conditions, offers participants a risk-free environment to simulate investment strategies, track market performance, and explore various financial instruments.
Through interactive sessions and practical exercises, users will gain insights into investment principles, risk management, and portfolio diversification. According to Stanbic, the simulator will sensitise the public about investing in the stock market, with the long-term strategic objective of diversifying and increasing the retail investor base through education on the BSE.
"By sponsoring the Stanbic Bank Stock Market Simulator, we aim to demystify investing and empower Batswana to make informed decisions towards their financial goals," said Stanbic CEO Chose Modise.
For the BSE, CEO Thapelo Tsheole stated that the initiative will go a long way in fostering stock market education in Batswana.
"This platform will serve to educate the larger demographic about the benefits of investing in locally listed securities and in doing so, address issues of financial literacy on a national level as it will provide insights into the potential returns that investors can derive from our local capital markets," he said.