Archive for June 10th, 2009
source: Standay Standard
by Sunday Standard Reporter
07.06.2009 1:08:52 P
The future of the South African Customs Union (SACU) was this week again put under the sportlight when the European Union (EU) signed interim Economic Partnership Agreements (EPAs) with some members of ‘SADC-EPA’ group leaving others out.
Botswana, which chairs the negotiations, Lesotho and Swaziland put their signatures after they initialled the agreement by the end of 2007 to allow smooth trade between EU and the region while a full agreement was being sort.
“The signing of the interim EPA marks a significant milestone in our trade negotiations. It ensures uninterrupted flow of SADC EPA goods into the EU market,” Neo Moroka, Chairman of the SADC group said after the signing in Brussels.
“There are still some outstanding issues to [continue reading]
Inspite of their constant harassment by callous council authorities, Francistown’s informal sector is thriving, Mmegi Correspondent GALE NGAKANE finds out
FRANCISTOWN:Every morning, Mavis Ncube walks into town to start her day under the corridors of Chinese shops on Blue Jacket Street.
That has been her routine since 1999 when she was “chased away like a dog” from her job as a maid. She remembers the day as though it was yesterday.
“I was working for an Indian family in Minestone (a Francistown suburb),” Ncube says.
“The wife had a habit of not flushing the toilet and whenever I arrived in the mornings, I was ordered to go [continue reading]
source: Standay Standard
by Reuben Pitse
07.06.2009 1:20:22 P
A multi million pula police uniform tender is surrounded by corruption allegations in which some officers are under investigation.
So far, the police have instituted an investigation team that is expected to expose the wrong doings surrounding the new police uniform tendering.
Information reaching Sunday Standard suggests that a good number of police officers are suspected to have received bribes, following the on-going tender process that was opened from the 18th of last month and is expected to end on the 17th of this month.
It is understood that already some of the police officers have confessed their [continue reading]
Despite the global recession, the government has gone ahead and renewed a whopping U$9.4 million (P65 million) contract with Diaval Limited for its diamond valuation services.
According to a notice of the Public Procurement and Asset Disposal Board (PPADB) published on Tuesday, a US$9,427,409.00 tender submitted by the Ministry of Minerals, Energy and Water Resources on April 27 was approved at a PPADB board meeting on May 20, 2009.
The PPADB notice does not state for how long the contract between Diaval and the government will run, though Mmegi is reliably informed that it will run for five years. There has been discontent in diamond circles regarding the true value of [continue reading]
source: Standay Standard
by Gowenius Toka
02.06.2009 2:13:24 P
Ministers for Agriculture and Food Security in the Southern African region have said that despite the economic slow-down that affected the region the food security in the region is reassuring.
The ministers of the Southern African Development Community (SADC) said this at the end of their meeting recently where the issue of the implementation of the Regional Indicative Strategic Development Plan of Action on Agriculture and Food Security was the key issue.
It was observed at the meeting that most member states are set to achieve improved yields in crop production this year than in 2008/2009 due to favourable rains that covered vast parts of the region.
“Although most countries in the region continue to import large volumes of milk and meat, significant increase in the production of [continue reading]
The government has cut down the development budget for NDP 10 from an initial P63 billion as state coffers feel the effects of the global economic crisis.
Implementation of the NDP 10 should have begun in April, the beginning of the financial year, but was delayed for 12 months because the government was still assessing the extent of the financial crisis.
NDP 10 will now only be debated at the opening of the third meeting of the fifth session of the ninth parliament in July.
In an interview with Business Week, the Acting Permanent Secretary in the Ministry of Finance and Development Planning, Dr Taufila Nyamadzabo, said after re-modelling the likely growth of the economy and factoring in the effects of the recession, the government decided to cut down the development budget, taking into account the forecast rate of [continue reading]
source: Standay Standard
by Morula Morula
07.06.2009 1:07:48 P
The Permanent Secretary in the Ministry of Agriculture (MoA), Dr Micus Chimbombi, says that the government will not continue its scheme of assisting cattle farmers in Ngamiland with loans but will rather increase efforts to make sure that the Botswana Meat Commission (BMC) abattoir is up and operating in the nearest possible future.
“There are no plans to assist farmers with loans like we have done before. What we want to do is to get the abattoir up and running in the nearest future so that all farmers will freely sell their cattle,” he said.
Chimbombi said this when asked if there are any plans to help farmers who had not benefited under the scheme in the past or who would want to be assisted once more.
Some farmers in Ngamiland have [continue reading]
Business Day (Johannesburg)
Mathabo Le Roux
8 June 2009
Johannesburg — TRADE economists are alarmed at prospects that SA may break up the Southern African Customs Union (Sacu), warning that this could have devastating economic and humanitarian consequences for countries in the region that could spill over into SA.
Trade and Industry Minister Rob Davies said last week SA would tighten its border controls with Botswana, Lesotho and Swaziland after they broke ranks with Sacu and signed an interim trade deal with the European Union (EU).
SA and Namibia balked at signing the interim economic partnership agreement (EPA), while pressure built on Sacu to sign the deal to align trade relations with the EU with multilateral trade rules.
SA’s threat to tighten border controls and review customs revenue allocations could be a preamble to pulling the plug on [continue reading]
FRANCISTOWN: A 47-year-old Zimbabwean man who was yesterday arraigned before Regional Magistrate Lorraine Makati-Lesang has complained of torture by the police.
Sibanda Sebekile is facing two counts of theft of a motor vehicle and entering the country through an illegal point.
On the first count, Sebekile is charged with stealing a Ford Courier pickup registered B 559 ABC valued at P20,000. The vehicle is the property of Jane Lebengo. The incident took place in Gerald Estate near Francistown last February.
On June 1, 2009, the police arrested Sebekile skipping the border fence at Ramokgwebana Village in the North East District, thus committing another offence.
The charge sheet was read to him in his [continue reading]
TradeInvest Africa (Cape Town)
26 November 2008
Investment opportunity: Retail Tourism and Leisure Transportation
The N8 Corridor development project in the Free State province has inspired a range of projects in the tourism and construction sectors, as well as opportunities for investors in retail and trade in the various CBD’s along the corridor.
The N8 Corridor development is taking place along the N8 route, which is one of the major roads stretching from the east of the Free State Province through towns like Ladybrand, Thabanchu, Botshabelo, Bloemfontein, to the west through Petrusburg, all the way to Kimberly in the Northern Cape Province.
The projects that are earmarked for development along the N8 Corridor are: the expansion at Bloemfontein Airport, the building of the International Convention Centre and a hotel, construction of [continue reading]