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Stock Price Info: (Prices in Thebe) :

    Domestic Equity Board:
  • ABSA 464
  • ACCESS 198
  • BBS 74
  • BIHL 1750
  • BTCL 73
  • CHOBE 731
  • CRESTA 107
  • ENGEN 1037
  • FNBB 251
  • FPC 245
  • G4S BOTSWANA 270
  • LETLOLE 255
  • LETSHEGO 143
  • MINERGY 50
  • NAP 328
  • OLYMPIA 26
  • RDCP 225
  • SECHABA 1700
  • SEEDCO 270
  • SEFALANA 945
  • TURNSTAR 197
  • Foreign Equity Board:
  • ANGLO 24495
  • BOD 12
  • CA Sales 365
  • INVESTEC 5367
  • LUC 650
  • SHUMBA 90
  • TLOU 50
  • Exchange Traded Funds:
  • BAMIB50 633
  • BASBI 7970
  • NEWFUNDS* 5965
  • NEWGOLD 19850
  • NEWPLAT 11175
  • Government Bonds:
  • BW005 10% -0001
  • BW007 8% -0001
  • BW008 7.75% -0001
  • BW010 7.75% -0001
  • BW011 7.75% -0001
  • BW012 6.00% -0001
  • Quasi - Government Bonds:
  • DPCF007 10.90% -0001
  • Corporate Bonds :
  • BBS005 11.20% -0001
  • BBS006 -0001
  • FML025 8.20% -0001
  • FNBB005 - -0001
  • -0001
  • LHL006 10.50% -0001
  • LHL007 10.50% -0001
  • LHL05 8.25% -0001
  • LHL06 10.50% -0001
  • LHL07 10.50% -0001
  • LHL08 11.00% -0001
  • PTP024 8.50% -0001
  • SBBL062* -0001
  • SBBL063* -0001
  • SBBL065* -0001
  • SCBB006 * -0001
  • WUC001 10.65% -0001
  • WUC002 10.60% -0001

Motswedi Securities Lesotho

About Us

Motswedi Securities (Pty) Limited is a leading Botswana citizen-owned stockbrokerage firm and with a reputation for excellence in creating wealth for our clients. Indeed, we believe this is the very reason for our existence, an inherent desire and expertise to create wealth for those whom we have the privilege of working with.

A member of the Botswana Stock Exchange (BSE), we offer quality service to individuals and institutions who seek to gain wealth by:

  • Trading of listed equities, primarily on the Botswana Stock Exchange.
  • Trading of other BSE listed securities such as corporate and Botswana Government bonds and ETF’s.
  • Providing our clients with research of the highest quality.

On the primary issuance side, we pride ourselves in having brought many quality listings onto the BSE, and continue to do so at present.

Formerly known as Investec Securities (Botswana) (Pty) Limited, we were the second stockbrokerage firm to be registered in Botswana, with trading activities commencing in 1998. More significantly, we are proud to have been the first stockbrokerage company in Botswana to be set up as 100% wholly citizen owned, managed and controlled, with a firm commitment towards helping develop the capital markets in Botswana.  We consistently top the leader board chart in terms of market share. 

To safeguard against any potential trading risks, Motswedi is supported in some key areas by industry leading institutions that are market leaders in their respective fields. For example, Standard Chartered, FNBB and Stanbic Custodial Services all serve as both custodial and settling agents. With a firm belief in the importance of strong governance, Motswedi is audited by Ernest & Young.

We pride ourselves on the incredible talent of our team, spearheaded by our CEO, Mr. Martin Makgatlhe. Martin is an economist by training and a 27-year stock exchange veteran who has spent all his working life in the stock market.

We have a clear and focused Vision

To be the securities company of choice, providing exceptional service to investors by being their partner, and helping creating wealth for them.

Our business philosophy is simple

From the day we first opened our doors for trade, we have maintained a simple philosophy for our existence: to create wealth. We do this by leveraging our extensive Insight on appropriate investment opportunities on the BSE and on other exchanges around the world. Our work and efforts are tailored to allow our clients to achieve their goals of wealth creation and success through a philosophy we call “WIIAS.” 

  1. Wealth 
  2. Insight
  3. Investment
  4. Achieve
  5. Success

WIIAS = "why-us" = "Why us?" Our WIIAS philosophy guides our every action, as we ask this of ourselves at every turn, every step, and every effort, ensuring we remain firm in our mandate, our conviction, and our Vision.

Motswedi Securities Trust

We established Motswedi Securities Trust, which is independent of Motswedi Securities (Pty) Ltd, its shareholders and its Board. The Trust has been set up to ring-fence clients’ assets from those of Motswedi Securities (Pty) Ltd.


Meet our Directors

The Motswedi team comprises experts in the field who live true to the mandate of our business each and every day. Their actions are guided by the Vision and WIIAS philosophy of the business, all under the leadership and guidance of industry renowned Directors.


Martin M. Makgatlhe

Shareholder and Founding Chief Executive Officer 

Mr. Martin Makgatlhe, a citizen of Botswana, is a pioneer of the Botswana Stock Exchange, having joined the then Botswana Share Market at its inception in 1989. He has an illustrious career in the capital markets with over 27 years of experience and his entire working life as a broker on the Botswana Stock Exchange. Martin was the first registered Motswana stockbroker. He holds a BA (Econ) degree from the University of Botswana.

Martin began his career as Chief Dealer for another broking firm, before joining a leading international asset management company as a Portfolio Manager. He then set up the second stock broking firm in the country, Investec Securities Botswana (ISB), as founding CEO in 1998.  In December 2001, Martin bought out ISB from the Investec Group, renaming it Motswedi Securities. Under the stewardship of Martin, Motswedi Securities has grown to become one of the leading stockbrokerage firms in Botswana

Martin is a Member of the Botswana Stock Exchange Main Committee, as well as a Director of Central Securities Depository Company of Botswana Pty Ltd (CSDB).  His wealth of experience has also been acknowledged in areas other than financial services, having been appointed to serve on numerous corporate and parastatal boards, for example at BotswanaPost where he served as Chairman for 7 years, Botswana Building Society, National Vision 2016 Council (Immediate Past Chairman) and most recently as Deputy Chairman of The Presidential Task Team for Vision 2036. Martin also sits on the Board of Trustees of the Sir Ketumile Masire Foundation (SKMF).


Reetsang Willie Mokgatlhe

Board Chairman

Willie Mokgatlhe holds a Master of Science Degree in Air Transport Management from Cranfield Institute of Technology (United Kingdom) and a Bachelor of Commerce Degree from the University of Botswana. He has vast experience in the Aviation and Petroleum industry and has held senior postions in large private and parastatal organisations in Botswana, Namibia, South Africa and the Netherlands.

His career commenced at Air Botswana Corporation in 1987 where he held several posts and was responsible for Customer Service, Market Research, Product Design, Strategy, Marketing and Stakeholder Relations. He has served as Public Affairs and Marketing Manager for Shell Oil Botswana; Strategic Issues Manager for Shell Southern Africa and Chief Executive Officer of Air Botswana Corporation until June 2005.

In 2005, he was appointed as Country Chairman for Shell Namibia Limited and 2010 moved to Shell International (based in Dan Haag-Netherlnds) where he took on the position of Government Relations Adviser for Afica. He was assigned as Country Chairman- Shell Oil Botswaa & Shell Namibia in 2012, where he concurrently managed the two operations.

Willie is the founding CEO of Botswana Oil Limited and has been with the organisation since July 2013. Willie brings to Botswana Oil a wealth of experience in Strategy Develpment and Business Planning, Finance, Markenting and Stakeholder Management. He has held postions in a number of organisations, including : Chairman of National Development Bank, Airline Association of Southern Africa, Shell Oil Boswana and Shell Namibia Limted. His areas of interest include Global Leadership and Brand Management. He is an avid reader and enjoys outdoors.

Letsebe Sejoe

Independent Non-Executive Director

Letsebe is the Chief Executive of Botswana Investment & Trade Centre (BITC), Botswana’s investment and trade promotion agency (IPA). He also served as Chief Operations Officer at BITC. In his previous role he served as the Acting Chief Executive Officer of former Botswana International Financial Services Centre (IFSC) and as Business Support Services Manager at Standard Chartered Bank Botswana.

At BITC, Letsebe heads the institution that drives economic growth through the attraction of FDI, domestic investments and also drives the growth of the country's exports.  His work also includes the facilitation of a competitive national investment framework to foster greater economic activity.

Letsebe also has extensive experience in advising IFSC client companies on the Botswana IFSC tax incentive framework and its optimal application to regional and international business strategies. Letsebe has led several projects to establish diverse financial services companies in Botswana’s international financial centers including HQ or Intermediary Holding companies, Pan-African private equity funds and Re-insurance activities.

He serves as a Director on the Boards of Motswedi Securities, a Botswana Stock Exchange (BSE) accredited member broker, Special Economic Zones Authority (SEZA) and previously served on the Board of Botswana Fibre Networks (BoFiNet).

His academic achievements are B. Comm Accounting, University of Botswana, MA International Economics and Finance, Brandeis University, Boston USA, Oxford Advanced Management and Leadership Programme, Oxford University, UK


Onkutule S. Makgatlhe

Shareholder and Executive Director

Mrs. Onkutule Makgatlhe, a citizen of Botswana, serves as an Executive Director of Motswedi. Onkutule is highly proficient in IT, and wields a wealth of experience as Systems Analyst at various IT companies. She has a natural flair for entrepreneurship and business, having spent many years in a successful family business as Operations Manager. Onkutule holds a BSc. in Computer Information Systems and MSc. in Information Systems Management from Ferris State University in the US. She is a certified Prince II Practitioner. 

Garry Juma

Executive Director and Head of Research 

Garry is a holder of a Bachelor of Commerce Honours Degree in Economics and has more than eight (8) years’ experience in Economic Research and Investment Analysis. He joined Motswedi Securities as Head of Research in 2008 and played a major role in the setting up Motswedi Securities Research department.

Currently he is in overall charge of all the research work at Motswedi Securities. Motswedi Securities is now well known for producing quality, accurate and well detailed reports on Botswana financial markets. The reports are not only recognized in Botswana, but also in most parts across the globe through a spectrum of some international investors particularly in the USA, the United Kingdom and Asia.  He has also been actively involved in the successful listings through IPO of several companies on the Botswana Stock Exchange such as Funeral Services Group (FSG) and Choppies among others.  In 2010 he was shortlisted for “Best Analyst Awards (Equities)” - Africa Investor Awards held in London. 

In June 2015 he was appointed to the Motswedi Board as one of the Executive Directors.