Satrix has expanded its African footprint by secondary-listing three of its JSE-listed exchange traded funds on the Botswana Stock Exchange (BSE).
The listings, which went live on 9 July 2026, cover the Satrix MSCI World Equity Feeder ETF, the Satrix MSCI Emerging Markets Feeder ETF, and the Satrix S&P 500 Feeder ETF.
The three funds provide exposure to developed global equity markets, emerging markets, and large US-listed companies, respectively.
The BSE published listing announcements and supplementary prospectuses for all three funds on 9 July, independently confirming their admission to its ETF board.
Satrix said the move forms part of its further expansion into African markets outside South Africa. The index-tracking provider has 38 ETFs listed on the JSE, with a total value exceeding R90 billion.
Duma Mxenge, head of business and market development at Satrix, said introducing the ETFs to the BSE was intended to widen the range of investment options available to local investors and contribute to the development of Botswana’s capital markets.
The listings also come amid changes to Botswana’s pension investment framework. Under the Pension Fund Investment Rules, known as PFR2, pension funds are subject to requirements governing the proportion of assets invested in Botswana and offshore.
The Non-Bank Financial Institutions Regulatory Authority said when announcing the revised framework in 2023 that the changes would result in pension funds progressively investing more assets onshore. The regulator said the revised rules took effect on 1 June 2023.
The BSE linked the Satrix listings to developments in Botswana’s pensions and asset management landscape. Kopano Bolokwe, the exchange’s head of product development, said ETFs were receiving increased recognition and inflows as an asset class, supported by BSE fee incentives and innovation around ETF benchmarks.
He said the three ETFs would give local investors exposure to international markets, including the United States, through instruments traded on the BSE.
The listings form part of the exchange’s 10X by 2030 strategy, which the BSE has associated with expanding its role in capital formation and strengthening Botswana’s capital markets.
Satrix executive director Helena Conradie said the expansion was intended to create additional avenues for local investors to diversify their portfolios.
The announcement does not indicate any change to the three ETFs’ existing JSE listings or their availability to South African investors.
