The coronavirus (COVID-19) pandemic's impact on the Botswana Stock Exchange (BSE)-listed companies will become even clearer in the upcoming reporting season, with several firms due to post massive profit drops and even a loss.

In a development that will come as a body blow to the local stock market, Afinitas has notified its shareholders of its intention to exit the Botswana Stock Exchange (BSE).

Although there were no new listings on the Botswana Stock Exchange Limited (BSEL) in 2020, the local stock market still experienced some positives during what was a tough year.

The Botswana Telecommunications Corporation Limited (BTCL)'s share price dropped to 75 thebe earlier this week, meaning the telecommunications group has thus far lost 8.5% since the beginning of the year.