Archive for the ‘Botswana’ Category
Shares prices on the Botswana Stock Exchange (BSE) weakened again last week with sellers outweighing buyers as the festive holiday’s profit-taking begins.
The November-December period is traditionally a profit-taking period on most bourses around the world with investors cashing in their stocks.
However, for this year’s season, the cash-in began rather late as investors were still riding high on the high wave of renewed confidence creeping back into the markets with the recovery of the world and the Botswana economy.
“Bearish market conditions persisted on the local bourse much to [continue reading]
More people have been deported from this country since President Ian Khama took over power in 2008, compared to the near two-decade era of former president, Sir Ketumile Masire.
During Masire’s 18 years in power, there were only 115 deportations, while under Khama, 404 people have been expelled from the country so far.
These figures emerged in Parliament last week although no names (presidents) were mentioned.
Parliament was told that 404 foreigners were deported from the country since April 2008 to March, 2010.
The Minister of Labour and Home Affairs, Peter Siele said from April 1980 to March 1998, 115 persons were deported from the country. From April 1998 to March 2008, 790 were deported and 404 for the period April 2008 to March 2010. The minister stated that the deportations were made under [continue reading]
Sechaba Brewery Holding’s dwindling sales volumes of alcohol beverages is not a reflection of lower intake of alcohol in Botswana as consumers have migrated to less expensive imports than home brews, managing director Hloni Matshela has said.
Briefing the media on the company’s interim results for the half-year ended 30 September 2010, Matshela said that due to the unfair implementation of the alcohol levy which has made imports more affordable than locally-produced alcoholic beverages, their market share and profits continues to slide while the expected increment in the alcohol levy will see more consumers desert KBL and BBL beverages but not necessarily stop alcohol consumption. “I believe for the alcohol levy to serve its intended purpose, it must affect all the sellers in the same way. For some time now, we have been engaging the government to make them understand that the implementation of the levy gives an unfair advantage to [continue reading]
The Minister of Minerals, Energy and Water Resources, Ponatshego Kedikilwe has told Parliament that there has been no tariff increase changes effected since the Water Sector Reforms were institutionalised through a Presidential directive last year.
Kedikilwe said the directive stipulated that following the transfer of water services from the Department of Water Affairs to Water Utilities, tariff levels that are applicable across the country will remain unchanged for the first year.
He said areas like Mogoditshane and Tlokweng will be considered for progressive adjustment with the prevailing Water Utilities Corporation rates for [continue reading]
As the Botswana Housing Corporation (BHC) counts the costs of a five-year freeze on rentals, indications are that government could continue its freeze on an area that accounts for the bulk of the Corporation’s revenues.
Rentals across the BHC’s 10, 300-strong portfolio of properties were last increased in 2005 while in the interim, the Corporation has struggled with higher inflation and materials’ supply costs, which have contributed to steep maintenance charges for the rental properties. Other overheads such as labour costs and fuel have also climbed over the years, while rental rates have remained stagnant.
The rentals also [continue reading]
Much of Botswana was plunged into darkness and businesses forced to close due to massive power cuts that covered a significant part of the country.
*The power failure affects much of the country
* BPC does not know when power will be restored
* Morupule and South African transmission have been lost
According to Botswana Power Corporation the power cut was occasioned by the main transmission line that was lost in Matimba in South Africa to Phokoje in Botswana. This is the transmission which is used to import power from South Africa.
The situation was further compounded by the power failure at the Morupule Power Station.
“The loss of the Matimba/Phokoje Transmission Line is due to a fault on [continue reading]
With a 52.2 percent increase on the previous year, the Botswana Telecommunications Corporation (BTC) has posted year-end net profits of P181 million, the highest in 10 years.
The financials were released yesterday for the year ended March 31, 2010. BTC’s year-end results indicate that the utility’s net profits of P138.8 million in 2006 were the closest BTC came to this record-breaking performance.
The results also indicate that BTC’s operating revenues nearly touched the P1 billion mark at P958.4 million, up 14.7 percent from 2009.The parastatal was also able to shave P60 million off its debts for the year and halved the cost of its loans to [continue reading]
Survival International (London)
10 November 2010
Botswana’s minister of environment, wildlife and tourism is the most recent government official to make disparaging remarks about the Kalahari Bushmen.
In an interview with the BBC, Kitso Mokaila said, ‘I don’t believe you would want to see your own kind living in the dark ages in the middle of nowhere as a choice, when you know that the world has moved forward and has become so technological’.
Mokaila’s remarks are the latest in a long line of insults by government officials, and are an indication of the deep-rooted racism towards the Bushmen.
The president of Botswana, Ian Khama, made similar comments in 2008, describing the Bushmen’s hunting lifestyle as ‘an archaic fantasy’. Last year, a South African woman was arrested for remarking that Khama ‘looked like a Bushman’.
Khama, a board member of Conservation International, has banned the Bushmen from accessing a well which they rely on [continue reading]
Close to 9, 000 jobs were created in the economy between March and December 2009, underlining the resilience of the private sector and vindicating government’s budgetary support during last year’s recession.
The latest official data from the Central Statistics Office (CSO) indicates that the private and parastatal sectors grew by 4, 665 jobs between March and December last year.
The data indicates growth was registered in sectors like Construction and Manufacturing, Wholesale and Retail Trade as well as Real Estate, all of which directly or indirectly benefited from the government’s P10.6 billion development budget in 2009/10.
The CSO statistics show that [continue reading]
REPUBLIC OF BOTSWANA – OFFICE OF THE PRESIDENT
8th November 2010
From: Dr. Jeff Ramsay, DPS Media for BGCIS
Please find below -
Republic of Botswana (8/11/10) Tautona Times Special Edition – 2010 State of the Nation Address (Full Text)
Below please find in plain text the full text of the 2010 State of the Nation Address, which was delivered this afternoon by His Excellency Lt. Gen. Seretse Khama Ian Khama, President of the Republic of Botswana -
STATE OF THE NATION ADDRESS BY HIS EXCELLENCY Lt. GEN. SERETSE KHAMA IAN KHAMA, PRESIDENT OF THE REPUBLIC OF BOTSWANA, TO THE SECOND SESSION
OF THE TENTH PARLIAMENT – “Delivering People Centred Development”
Madam Speaker, before I begin I would request that we observe a moment of silence for [continue reading]
President Ian Khama has advised people to take refuge in The Bible when hurt by the media, which he accused of abusing freedom of expression to spread rumours and lies.
In his State of the Nation speech yesterday, Khama said the fact that freedom of expression is precious does not mean it should be misused to mislead or abuse others.
Khama, whose disdain for the local media is well known, said there is a line between holding people and institutions accountable and spreading rumours and untruths.
“This type of conduct, whether done by politicians, academics or [continue reading]
BSE-listed tourism concern, Chobe Holdings, has joined a growing list of Air Botswana castigators, labelling the national carrier’s sub-standard service as the single biggest challenge to the growth of the tourism industry in the country.
Announcing their financial results for the six months ended 31 August 2010, Chobe said Air Botswana’s failure to offer internationally acceptable service and its monopoly of routes into Northern Botswana was to the detriment of their business, which was heavily dependent on reliable air transport.
“The biggest challenge the tourism industry faces within Botswana remains the often sub-standard service rendered by Air Botswana, the only air carrier allowed to service the tourist industry in the Okavango,” said Managing Director, Jonathan Gibson.
“This situation has been further exacerbated by the [continue reading]
‘Our Zim policy in tandem with SADC ideals’
President Ian Khama says Botswana’s policy calling for the lifting of sanctions against Zimbabwe is in consonance with the current regional position taken at the last two Southern Africa Development Community (SADC) summits.
He said contrary to media reports that Botswana has changed her position (which was against lifting of sanctions) there is nothing untoward about it, as Botswana has been consistent with earlier decisions of SADC on Zimbabwe sanctions.
“Own reasons for wanting the sanctions lifted are [continue reading]
The Nation (Nairobi)
9 November 2010
Gaborone — President Ian Khama of Botswana said yesterday that he wants sanctions against Zimbabwe to be lifted to deny ZANU-PF the “lame excuse” it uses to undermine the unity government formed with Prime Minister Morgan Tsvangirai’s MDC.
He said Botswana wants sanctions lifted to help provide a conducive climate for the Global Peace Agreement (GPA) to succeed and because ZANU-PF chooses to use the sanctions as an excuse not to fully deliver within the process they are a part of.
“This lame excuse should be put to the test,” President Khama told the Botswana Parliament in his state of the nation address.
He said that contrary to media reports, his country has not changed its position on Zimbabwe.
Botswana has been one of the most vocal critics of President Robert Mugabe and [continue reading]
Bakgatla Paramount Chief, Kgafela II has lambasted the media for spreading wrong information about him.He was addressing a kgotla meeting yesterday.Kgafela spent six days bvehind barsafter his bail was revoked by Village Regional Court.
Bakgatla Paramount Chief, Kgafela II, could have passed for a church minister when on Sunday he borrowed the monotone of the clergy as he implored his tribe to pursue peace with all people.
Kgafela, who was addressing multitudes of his people a day after Chief Justice Maruping Dibotelo awarded him bail, implored his tribe not to hate government and judicial officers who participated in [continue reading]