Archive for September 5th, 2008
Subject to regulatory approval, Leina Gabaraane is the new Managing Director of Stanbic Bank Botswana, Business Week has been reliably informed.
Information reaching Mmegi is that Gabaraane took the reigns at Stanbic Bank on August 1, but the bank has yet to make the announcement because it may not precede the formality of regulatory approval. The man in the news himself declined comment last week.
When the formality has been observed, Gabaraane will be taking over from Dennis Kennedy, who will now head Standard Bank subsidiaries in southern Africa.
Gabaraane will become the second Motswana to head a local commercial bank after serving as [continue reading]
New Era (Windhoek)
4 September 2008
Namibia and the entire Southern Africa region must beef up energy efficiency if they intend to watch the 2010 World Cup spectacle with all lights on.
On top of the ‘must-do’ list is the review of regulatory frameworks, power tariffs, enforcement energy audits in all public buildings and regional energy utilities to stock up on sufficient coal reserves.
The instant demand alone could see a surge in electricity usage to as high as 10 percent during the entire soccer festivities, as soccer-loving fans reach out for a warm cup of tea and cold refreshing lagers in between the half times. Another contributing factor would be the supporters’ base camps, which may represent a significant increase to the normal demand profile that may exceed the capacity of electrical network.
The Coordinator for [continue reading]
BSE-listed Discovery Metals has announced key appointments of groups that will assist in completing the Bankable Feasibility Study (BFS) for the Boseto Copper Project and has received the terms of reference for the completion of the Environmental Impact Assessment for the project.
The appointments of the Resource Consultant and Engineering Partner follow a competitive tender process with submissions received from a field of international companies, the company said in a BSE posted statement.
Internationally recognised Snowden Mining Industry Consultants (Snowden) has been appointed to undertake resource modelling, geotechnical and mining engineering components of the project.
“Snowden is very familiar with the Boseto Copper Project, having completed the [continue reading]
September 04 2008 at 01:14PM
Details of an ambitious new motor vehicle development programme that aims to boost local production to 1,2 million units a year by 2020 were unveiled by Trade and Industry Minister Mandisi Mpahlwa on Thursday.
South Africa-based manufacturers last year produced 534 490 vehicles, of which 32 percent were exported.
Speaking at a media briefing in Pretoria following Cabinet’s fortnightly meeting, Mpahlwa said the proposed Automotive Production and Development Programme (APDP), which revises and replaces the existing Motor Industry Development Programme, would have four key elements.
- “stable and moderate” import tariffs from 2012, pegged at 25 percent for completely built-up vehicles, and at 20 percent for components used by vehicle manufacturers;
- a local assembly allowance, to be [continue reading]