Archive for June 15th, 2009
The recent forecast by the IMF that the economy of Botswana would experience a steep -10.4 percent real GDP growth in 2009 means the country is technically in a recession, says renowned economist Keith Jefferis.
“Its quite a scary figure,” Jefferis said on Wednesday at the Botswana Resource Sector Conference organised by Capital Resources.
“If your largest sector of the economy produces half of what they produced last year, then the economy is clearly in a technical recession.”
The IMF projections came as a result of contraction in the mining sector, especially in the diamonds market which constitute a third of Botswana’s GDP, he said.
There has been wide ranging debate regarding whether [continue reading]
15 June 2009
Recent events in South Africa and Britain show that despite the fact they are regarded by many as examples of good governance, political leaders in both countries are struggling to get a handle on how both to be clean and to be seen to be clean, writes Tšoeu Petlane of the SA Institute of International Affairs.
Among the issues debated at a recent workshop convened by the South African Institute of International Affairs was the threat posed by corruption to good governance and the consolidation of democracy on the continent. The debate took place at a time when South Africans were discussing the controversy of a Mercedes Benz car given to the new national minister of transport, Sibusiso Ndebele, by a group of [continue reading]
source: Standay Standard
by Sunday Standard Reporter
14.06.2009 6:26:50 P
When the European Union (EU) started negotiations for economic partnership agreements (EPAs) regime with the Africa, Caribbean and Pacific (ACP) countries in 2004, the idea was to have a reciprocal trade regime that would open unlimited access for Botswana goods in that lucrative market.
And days after Botswana and other SADC-EPA groups signed an interim agreement with the EU, government officials this week confirmed fears that Botswana private sector will need to jerk-up capacity to meet the demand.
Trade and Industry Minister, Neo Moroka, told Sunday Standard at a press conference that the country is currently enjoying the highest prices on textiles and beef since the EU scrapped the 8 percent levy that [continue reading]
On the night of Wednesday 13, a 33-year old Gaborone man, John Kalafatis was shot by security agents in Extension 12. The Kalafatis killing has sparked a public scandal that has gripped the nation. Below Mmegi Staff Writer TSHIRELETSO MOTLOGELWA examines the parties involved so far.
Directorate Of Intelligence And Security (Dis)
A number of sources say the DIS expended both human and other resources into the planning and the killing of Kalafatis. The DIS is said to have been at the centre of this plan. Names of both junior and senior agents of the DIS are mentioned in connection with the execution of Kalafatis.
Military Intelligence (MI)
The Military Intelligence is one of the elite units under the Botswana Defence Force. Various sources have [continue reading]
source: Standay Standard
by Kedidimetse Mpolokeng
14.06.2009 6:23:10 P
The Toyota Kalahari Botswana 1000km Desert Race has become one of the most popular, successful and biggest annual sporting events in the country. Many regard it as a way of having a weekend away with their families and friends and little do they know that the event in return is of great importance to the whole nation in many ways.
The event plays a major role in the boosting of tourism in the country as well as provides numerous opportunities for small scale entrepreneurs who may, during the event, provide a wide range of services to competitors and spectators.
There is a tourism spin-off in that large numbers of people, who are either competitors or spectators, come to Botswana.
Skean Drummond, Clerk of the Course, added that [continue reading]
A concern on whether or not Botswana’s diamonds really benefit Batswana through equity participation was raised yesterday during the ongoing Botswana Resource Sector Conference.
Unlike South Africa and Namibia, which have deliberate policies like Black Economic Empowerment (BEE) that require a certain percentage that is reserved for local citizens, Botswana does not.
Answering a question from Botswana Confederation of Commerce , Industry and Manpower (BOCCIM)’s president Modiri Mbaakanyi on what the government was doing to help Batswana in this regard, Botswana Diamond Hub Coordinator Dr Akolang Tombale said the government will not force the Sightholders to [continue reading]
source: Standay Standard
by Kagiso Madibana
14.06.2009 6:38:33 P
The Deputy Minister of Trade and Industry, Duke Lefhoko, on Friday received on behalf of his minister, Neo Moroka, a petition brought to him by concerned employees of Kgalagadi Breweries Limited (KBL) and Botswana Breweries Limited (BBL) who had staged a march from their workplaces to the ministry.
The employees pleaded with the ministry to revisit and reconsider the government’s decision to impose the 30% alcohol levy, either by doing away with it completely or, at least, to drastically reducing it to “save the livelihoods of our families”.
Ofentse Mareme and Sergeant Kgosietsile claimed to [continue reading]
Employees of Kgalagadi Breweries Limited (KBL) and Botswana Breweries Limited (BBL) yesterday marched in protest against the 30 percent alcohol levy because the surcharge had resulted in serious problems occasioned by massive job losses and posed a threat to the whole industry.
They called on the government to rescind the levy or reduce it to save further job losses. The employees of the two sister companies that brew clear beer and the popular Chibuku said while they understood the government’s war on alcohol, it should consider other alternatives of reducing alcohol abuse.
In their petition delivered to the Ministry of Trade and Industry, the workers said since the introduction of the levy, retrenchments had hit the two companies to [continue reading]
Zimbabwe Standard (Harare)
13 June 2009
Harare — THE Parliamentary Select Committee steering the constitutional reform process on Friday announced new dates for public hearings on the new constitution dealing a severe blow to attempts by Zanu PF to stall the process.
Initially the public hearings had been scheduled to start yesterday but were cancelled after the Zanu PF caucus asked for more time because “people were busy harvesting their crops”.
But sources said Zanu PF wanted to stall the process so that it could mobilise its supporters to drown MDC views during the consultation process.
The legislators from Zanu PF are also said to have demanded allowances before they could participate in the hearings.
Douglas Mwonzora, the co-chairperson of the committee, told journalists that the [continue reading]