Archive for May 17th, 2007

source: allAfrica

Mmegi/The Reporter (Gaborone)

15 May 2007
Posted to the web 16 May 2007

Fraser Mpofu

An influential Zimbabwean business organisation has encouraged its members to venture into the Botswana market more vigorously, arguing that business opportunities abound in the neighbouring country.

The Zimbabwe National Chamber of Commerce (ZNCC) president for the Bulawayo region, Charles Chiponda, says the organisation encourages Zimbabwean companies to take advantage of the Botswana market, describing it as “lucrative”.

Expanding their operations into Botswana, explains Chiponda, would strengthen the companies incomes and profile.

“That market (Botswana) is very lucrative for local companies. As ZNCC, we are urging our members to exploit it,” argues Chiponda, a prominent Zimbabwean businessman, who also has investments in Botswana.

The ZNCC is a leading Zimbabwean business organisation that provides a wide range of services through lobbying, collaboration and facilitation designed to support its members in business development.

It is a non-profit making, membership-based organisation with 10 provincial chapters throughout the country.

Since 2000, ZNCC has been involved in negotiations with the [continue reading]

source: BOPA

16 May, 2007

GABORONE – First National Bank Botswana(FNBB) recorded a 21 per cent growth in its share price in the past week after the bank issued a cautionary statement that it intends to undertake a share split of its ordinary shares.

The transaction according to Capital Securities weekly report is subject to regulatory approval by the Botswana Stock Exchange (BSE). The report says speculation of a possible share split has been driving up the share price in previous weeks as investors rush to buy the stock.

The announcement is likely to trigger more trading in the stock as investors rush in to buy the shares prior to the share split.

Letshego on the other hand recorded the largest volume traded on the BSE in the past week.

The share price moved up 5 per cent with 2.1 million shares traded.The report says Barclays Bank and ABCH were unchanged at 900t and 230t respectively. Standard Chartered crept up 0.7 per cent with 16400 shares traded to close at 2150t.

The report also indicates that LionOre shares rose 26per cent in past week following an announcement from the company that it considered the bid by Norilsk to be superior.

Norilsk Nickel has made an all cash offer to LionOre shareholders of about P114 per share. Xstrata have yet to respond to [continue reading]

source: IOL
May 16 2007 at 10:49AM

Pessimists who doubt South Africa’s ability to host the 2010 World Cup will have to “eat their own words” in 2009 when all preparations for the event will be complete.

This is the bold prediction of Deputy Finance Minister Jabu Moleketi, who said on Tuesday during an update on the government’s progress in preparation for the World Cup that some people had “targeted 2010” to reflect their negativity about South Africa and Africa.

“They’ll have to eat their own words at the end of the day, come 2009, when everything is ready,” Moleketi said.

“They’ll have to think of something else to be negative about – and they will think of something.”

His statement came after repeated assurances from soccer’s world body Fifa, the organising committee and the government that the tournament would take place in [continue reading]

source: allAfrica

The Voice (Francistown)

15 May 2007
Posted to the web 15 May 2007


The Coordinator of Harry Oppenheimer Research Center in Maun has called on diversity of the tourism sector.

Dr Susan Keitumetse is concerned that Botswana tourism is targeted at wildlife, traditional dance and crafts. Making a presentation at the Hospitality and Tourism Association of Botswana (HATAB) Open Season recently, she said there is need to diversify local tourism beyond wildlife, by turning focus into cultural tourism, which has not been explored for a long time. “In Botswana we don’t have knowledge in cultural tourism. We focus too much on traditional dance and crafts and forget about cultural tourism. We need to explore this section of tourism for diversity of the entire industry. We are simply overlooking it,” she said.

The coordinator explained that there were Tsodilo Hills, which were declared world’s heritage site. “The information about this cultural sites is there but there is need for someone to realise that this is a selling package. Government alone cannot realise that this is an important product. There should be advocacy for wildlife to be re-introduced in the area for the sake of improving this sites,” suggested Keitumetse.

She noted that there is also the Tloutswemogala site, which she said, is another [continue reading]

source: BOPA
16 May, 2007

DURBAN – Botswana is rated among the top 10 preferred destinations by tourists, but the country still needs to develop multi tourists desinations to earn more revenue, says Ms Myra Sekgororoane.

Botswana tourism relies too much on the Okavango Delta and wildlife, but if we want to grow the industry we should develop other tourists attractions such as culture and heritage sites, says Sekgororoane, who is the Chief Executive Officer of Botswana Tourism Board.

She said her board will soon embark on product development that is geared towards diversifying tourist attractions and increase the sectors contribution to the countries Gross Domestic Product (GDP).

Ms Sekgoroane, who attended the 2007 South African Tourism Fair in Durban, said there are many other places in the country that could be developed to attract tourists such as the Kgalagadi District and cities such as Gaborone and Francistown.

She said the World Travel and Tourism Council, which is an independent tourist institution, has said that the country has a positive image among potential tourists.

She added that at a Beijing seminar in March, the council rated Botswana number eight in the world as a preferred destination by potential tourists surveyed.

The Durban fair showcast a wide variety of southern Africas best tourism products, services and attracted tourists and the media from across the world. Botswana was represented by about 42 exhibitors from various operations.

The fair, dubbed Durban Indaba 2007, also introduced the participants to the fast growing world of online tourism through seminars in topics such as online marketing.

The leader of the Botswana delegation at the fair, environment, wildlife and tourism minister Mr Kitso Mokaila also emphasized the need to [continue reading]

source: allAfrica

Mmegi/The Reporter (Gaborone)

15 May 2007
Posted to the web 16 May 2007

Oliver Modise

De Beers Prospecting, a company that specialises in diamond exploration and testing soils with mineral content, has closed down its Botswana laboratories and relocated its testing equipment to South Africa.

This comes five months after the company was faced with allegations of “quietly retrenching” its employees and heightening speculation that it was trying to provide employment for South African employees left jobless following the closure of its main laboratory in that country.

In an interview with Mmegi yesterday, Botswana Mine Workers Union (BMWU) deputy national chairman Golekanye Mogende said it was incredible that the company could have its headquarters in Botswana and yet prefer to shut down its laboratories here. It means “our soils are going to be sampled in South Africa while its employees here remain stranded and jobless,” he said.

Last December, employees of De Beers Prospecting were engaged in a retrenchment battle with [continue reading]