Archive for March 15th, 2007

source:BOPA
15 March, 2007

Botswana Telecommunication Corporation (BTC) continues to provide basic telephony in Palapye, where it has existing infrastructure says communications, science and technology minister Mrs Pelonomi Venson-Moitoi.
With regard to the areas in Mmaphula Ward, Mrs Venson-Moitoi said availability was at different stages.

For instance, she said BTC, was expecting to complete serving of Extension One by the end of March 2007. As for extensions two, three, four and five, she the corporation had included them in 2007/08 financial year.

In addition, she said BTC had no plans to provide any basic telephony at this juncture in extension six and eight, as these areas were mostly undeveloped.

She was responding to a question from Palapye MP Boyce Sebetela who wanted the minister to explain the availability or otherwise of a BTC plan for basic telephony in extension one-to-eight of Mmaphula Ward in Palapye. BOPA

source: BOPA
15 March, 2007

GABORONE – About 120 employees of Savells furniture shop face an uncertain future, as the company is to close all of its 14 branches in Botswana.

Employees who spoke to BOPA on condition of anonymity said they were concerned about their future, as they have been asked to apply for employment with Bears and there are no guarantees they would all be employed.

Savells, Bears and Ellerines are owned by one company.

Another concern for the employees was that there were no transfer or relocation expenses in case they are employed at different parts of the country.

Some of the employees have been with the company for more than seven years, and all they will leave with is 35 per cent of their pension or P10 000.

According to Botswana laws, employees who at the time of retrenchment get gratuity or pension do not receive severance payments.

Employees said when Savells store in Mochudi closed down, employees there received severance payments and they were also promised to receive it, but the management retracted on the offer.

Elton Katlholo, a labour officer at the Gaborone District Labour Office, confirmed to BOPA that employees were supposed to receive only their pension and gratuities.

He said severance payments were not for pensioners and people with gratuity. At the time of writing the story, the companys executives from South Africa were to address employees. BOPA

source: Business Day

Posted to the web on: 15 March 2007
Stewart Bailey
Bloomberg

TORONTO-based CIC Energy, which plans to develop a R31bn coal mine and power plant in Botswana, says it will name a “major” mining company and an electricity producer in Botswana to invest in the project by June.

“There’s been significant interest,” CIC president Greg Kinross said on Tuesday.

Toronto Stock Exchange-listed CIC would in the next two weeks request proposals from financial advisers to help it complete talks with Botswana’s government on the 3600MW Mmamabula power station and coal mine, arrange debt and secure a power sale deal with Eskom, SA’s state-owned power utility, Kinross said.

Yesterday, CIC said a shortage of building contractors could delay the project by up to a year, to 2012, and push the cost to $5,5bn. CIC plans to take advantage of electricity shortages in SA by developing Botswana’s largest coal field and selling the power to Eskom.

SA miscalculated by two years the time when rising demand would exceed supply as growth accelerated to a 21-year high in 2005.

source: IOL
Ann Crotty
March 14 2007 at 07:30AM

Johannesburg – SABMiller is facing the first major challenge to its beer monopoly in South Africa, following the dramatic news that Heineken has terminated with immediate effect its 40-year-old contract with SAB for the manufacture and distribution of Amstel.

Tom de Man, the regional president of the African and the Middle East units of Heineken, told Business Report that Heineken hoped to have its own brewery up and running in the country in two years.

Until then, Brandhouse Beverage, a Cape Town-based firm, would import from Heineken’s European breweries a little less than the 2,3 million hectolitres of Amstel that were sold each year by SAB [continue reading]
read as well: Heineken terminates SAB contract