Archive for September 23rd, 2010
source: The Botswana Gazette
Written by AUBREY LUTE
Wednesday, 22 September 2010 00:00
• Government to hold on to core of company
• Public will own 49%, Government, 51%
The privatisation of the Botswana Telecommunication Corporation (BTC) is likely to pose a dilemma for the newly established Directorate of Intelligence and Security (DIS). The organisation relies heavily on BTC infrastructure for some of its operations.
“Very soon the Company will be open for the public to buy a stake in. Parliament passed a law that switched BTC into a Propriety Limited Company recently. Initial Public Offerings will be issued soon and Batswana will be allowed to access them,” said a source.
In an interview, the chairman of the BTC Board, Mr. Len Makwinja, told The Gazette that Cabinet had issued a directive giving privatization the thumbs up. He said in essence government will remain with 51% of the shares while “Batswana will own 49%.”
Asked if government will retain the core of [continue reading]
ONALENNA MODIKWA &
SEROWE: Six opposition councilors walked out of the Central District Council meeting that was addressed by President Ian Khama and his cabinet yesterday morning.
This happened after councillor Modisakgotla Makwati suggested that the meeting be moved to committee stage. Though opposition councillor Israel Jesi countered the move, officers, press and members of the public were asked to leave the chamber and the council chairman Lesego Raditanka emphasised that it was a normal arrangement for the meeting to be moved to committee stage. Out of [continue reading]
Business Day (Johannesburg)
Sam Mkokeli And Sibongakonke Shoba
23 September 2010
Johannesburg — The ANC Youth League appeared to score a political victory last night when NGC delegate sneaked discussions on the nationalisation of mines onto the agenda.
The African National Congress (ANC) Youth League appeared to score a political victory last night when delegates at the ruling party’s review meeting sneaked discussions on the nationalisation of mines onto the agenda.
It followed supporters of league president Julius Malema taking on President Jacob Zuma and the leadership over alleged “unfair” treatment and criticism of Mr Malema.
After many thought Mr Zuma had gained the upper hand when he asserted his authority at the ANC’s national general council on Monday, Mr Malema’s supporters hit back yesterday , claiming that party disciplinary processes were selective.
Mr Zuma also said no new policies would be [continue reading]