Archive for February 2nd, 2010
First National Bank of Botswana (FNBB) is in the lead again with the recent introduction of Prepaid Airtime purchase through its automatic teller machines (ATMs).
The bank revamped all its ATMs in enhancing the system to provide an improved on-screen user interface that is much more interactive. Customers will be able to purchase either Mascom or Orange pre-paid airtime through the ATM.
The service enables customers who are not registered online or through cellphone banking, an opportunity to purchase airtime conveniently. Above all, the motive in this development is to give customers a choice in the various service delivery channels offered [continue reading]
February 01 2010 at 06:50PM
South Africa’s ruling party on Monday dismissed a storm over President Jacob Zuma’s lovechild, as political opponents told him to stop behaving like a “gigolo” and get sex addiction therapy.
“Our view is that the matter between any two consenting adults remains their own personal affair,” the African National Congress (ANC) said in a statement.
“This unjustified attack to the president is disingenuous. There is nothing wrong that the president had done. There is nothing “shameful” when two adults have a relationship.”
Opposition parties reacted angrily to a weekend media report that Zuma had fathered a child with the daughter of one of his close friends, a top organisor of the 2010 World Cup.
The main opposition Democratic Alliance (DA) said Zuma had weakened the country’s messages of safe sex.
“We believe President Zuma needs counselling and sex addiction therapy, as was recommended for [continue reading]
The Selebi-Phikwe business sector has been encouraged to be self driven in order to rise up to the challenges that come with economic development and diversification, in a manner that is more pro-active and hence efficient.
Speaking during a two day national conference on the economic diversification of Selebi-Phikwe region last week, Kago Moshashane, Selebi-Phikwe Economic Diversification Unit (SPEDU) coordinator, said success will largely depend on the singular and combined efforts of all stakeholders.
Moshashane called for a change of attitude in the public sector and re-iterated that Selebi-Phikwe requires a special dispensation.
“Self regulation is needed in the business sector to ensure that the voice is raised and heard in a more structured manner,” he said. Moshashane lamented the bureaucracy within ministries and parastatal organisations which has led to [continue reading]
01 February, 2010
FRANCISTOWN – The emergency diesel generation power plant established at Matsiloje in North East District will help in alleviating power shortage problem, which the country is experiencing.
Speaking in an interview, the Minister of Minerals, Energy and Water Resources, Mr Ponatshego Kedikilwe said with South Africa reducing its supply to Botswana and the on-going construction of the Morupule 600 Mega Watts (MW) power station, the country needed a backup plan during load shedding.
Mr Kedikilwe said with the 2010 World Cup tournament coming, South Africa needed a lot of electricity hence the countries it supplied might end up getting little power from it. Therefore, he said the plant, which started operation in January 8 this year, came at the right time.
The minister, who toured the plant with permanent secretary in the ministry, Mr Gabaake Gabaake, said Botswana used [continue reading]
01 February, 2010
MASUNGA – The North East District Council has been instructed to cut its proposed budget of more than P204.8m to P134.8m.
Addressing a special full council meeting in Masunga recently, council chairperson, Mr City Kealotswe said the revenue support grant for 2010/2011 was P125 465 890 and the council had to go down by P70 029 860.
He said this huge budget cut, which went through all council committees left the council with no option but to ask its secretary to mobilise staff to start identifying areas to be affected and then schedule committees so that we all appreciate the problem.
He said this calls for a lot of belt tightening and also it means forgoing some planned activities despite promises made to the electorate.
In addition, Mr Kealotswe said the council was challenged to reconsider its processes and also consider doing things in a more [continue reading]
FRANCISTOWN: Former president Festus Mogae is said to have engaged some people to ghost write his ‘autobiography’.
Though the HIV/AIDS crusader could neither confirm nor deny such a development, it is understood that the people who have been hired for the project are presently busy researching for the book.
One of the ghost-writers called Monitor offices last week enquiring about the contacts of former Cabinet minister Joy Phumaphi saying they wanted her input.
Apparently, they had read Phumaphi’s interview, which appeared in Mmegi early last month.
If the book hits the shelves of bookstores and libraries, Mogae will have followed in the footsteps of former Cabinet minister and property magnate David Magang and former president Sir Ketumile Masire who have [continue reading]
Biz-Community (Cape Town)
DR Nikolaus Eberl
1 February 2010
With just over 100 days to go to the kickoff of the world’s biggest media event, global eyeballs are likely to be trained onto the battlefield of brands before they switch to the football pitch. Having invested up to US$100m for the privilege of associating their brand with the FIFA World Cup, what returns can sponsors expect and what are the benchmarks for winning the world cup of branding in 2010?
The 2006 RoSI scorecard
Research conducted on the Return on Sponsoring Investment (RoSI) of the 2006 FIFA World Cup sponsors yielded an intriguing scoreboard.
In the turnover category, Adidas took the honours by far, scoring a 150% increase in sales of the official tournament ball (15 million sold during the tournament vs 6 million in 2002), and an astonishing 600% increase in [continue reading]
Stock Market Direct (SMD) last week revealed that Batswana can buy shares directly from the South African Stock Market.
This they said could be a quicker way of making money as investors can make more profits in a month than they would, investing passively.
Investing passively includes investing money into banks, life insurances, and retirement policies.
SMD, which grabbed limelight last year after controversy was associated with their operations and products, said this could prove to be not a reliable method of investing as investors do not have control over their investments. Introducing their company to the media last Thursday in Gaborone SMD director, Tony Samuels said the primary reason people do not invest in the stock market is because of [continue reading]