Archive for July 27th, 2007

source: BOPA
27 July, 2007

GABORONE – Organisers of this years Global Expo have promised that it will be better than the previous one.

We have set our target at attracting 200 exhibitors and 6 000 visitors, said Mr Brian Mosenene when addressing a press conference this week.

Mr Mosenene, acting chief executive officer of the Botswana Export Development Agency (BEDIA), said the number would be double 100 exhibitors and 3 000 visitors they attracted last year.

He said the expo will also be held in October instead of August as was the case last year. The change was necessitated by the need to avoid clashes with other competing events locally and regionally.

Global Expo 2007, which is organised by BEDIA, will be held under the theme: Fostering diversification and global competitiveness.

Mr Mosenene said one of the reasons of having the expo is to attract investments, adding that last years expo attracted P14 million worth of business transactions.

He said the [continue reading]

source: IOL
Basildon Peta
July 27 2007 at 10:01AM

Zimbabwean editor Abel Mutsakani, who was shot and seriously injured in Johannesburg this week, will have to live with a bullet lodged near his heart after doctors concluded that it would be too risky to perform surgery to remove it.

Mutsakani, editor of ZimOnline, an independent news agency and former managing editor of the banned Daily News, survived death by a whisker when three gunmen shot him at his home in south-western Johannesburg on Monday night.

The gunmen did not rob Mutsakani, raising speculation in the Zimbabwean community as to the motives behind [continue reading]

Michael Appel

27 July 2007

South Africa has settled at least 90% of land claims lodged since 1994, the Commission on Restitution of Land Rights said on Wednesday.

Commission spokesperson Linah Makhubele told BuaNews that about 74 000 of the 79 000 claims lodged between 1995 and 1998 had been settled.

At the same time, Makhubele said the government’s target for settling all outstanding claims by 2008 would be difficult to meet, with many of these tied up in the Land Claims Court due to issues such as disputes over community and traditional leadership.

South Africa’s success in land restitution is the result of a speedier administrative process, similar to that used in Germany, rather than the [continue reading]

source: BOPA
27 July, 2007

GABORONE – The Minister for Foreign Affairs and International Cooperation, Lt Gen. Mompati Merafhe, left for Dar-es-Salaam, Tanzania yesterday to attend a ministerial meeting of the Southern African Development Community (SADC) Organ on Politics, Defence and Security Cooperation.

A statement from the ministry says the meeting will discuss peace and stability in the Democratic Republic of Congo, post-electoral political stability in Lesotho, consolidation of democracy in the region and the creation of the SADC Electoral Advisory Council.

The statement says the meeting will also discuss the SADC Indicative Plan of the Organ as well as the implementation of the Hashim Mbita Project — a project aimed at [continue reading]

source: Reuters Africa
Thu 26 Jul 2007, 8:55 GMT

By Eric Onstad

GABORONE (Reuters) – Companies are piling into African countries like Botswana and Zambia that could hold rich uranium deposits, but where exploration was abandoned decades ago when prices crashed.

A 10-fold surge in uranium prices over the past five years has spurred a new rush to find deposits.

Only three African countries currently produce uranium — Niger, Namibia and South Africa — but geological formations supporting the mineral exist in many places on the continent.

“There is a solid basis for a reawakening,” said Richard Wadley, a consultant with MSA Geoservices, which helps companies with exploration.

“The lack of exploration (in uranium) that has taken place in the last 30 years makes the African continent a logical and exciting target for exploration,” he told the Capital Resources mining conference in Botswana this week.

Uranium exploration flourished in the 1970s when prices surged, but many companies left when prices later crashed.

Some 30 companies are exploring, developing or already mining uranium deposits at nearly 50 sites in more than 20 African countries, Wadley added.


The same Karoo Basin geology found in existing uranium producers South Africa and Namibia also extends to Botswana and Zambia, where a resurgence of prospecting is taking place.

Australia’s A-Cap Resources came to Botswana to look for nickel and copper, but then heard about uranium exploration during the boom of the 1970s and 1980s.

A-Cap now has [continue reading]

source: SW Radio Africa
By Lance Guma
26 July 2007.

Over 5000 business executives, shop owners and store managers have been arrested since a controversial crackdown on prices was launched last month. On Wednesday another 23 shop owners and managers were arrested for what the state claims is overcharging. The group was rounded up in Harare’s central business district and are set to appear in court on Friday. The majority of those who have already gone to court have on each occasion been fined.

The regime ordered a 50 percent price slash in a bid to reduce runaway inflation. It’s now reported that a cabinet taskforce on pricing and incomes stabilisation is meeting manufacturers who have stopped production owing to the pricing chaos. When the clampdown started government basked in the limelight by claiming to reduce prices on behalf of the people, but the long-term consequences have seen the ‘command economics’ backfire. Empty supermarket shelves have put pressure on the regime to secure a more sustainable solution.

Several people interviewed by Newsreel in Bulawayo said the prices imposed by government were only valid during visits by price monitoring teams and the police. As soon as the teams left the shops, the old prices were put back on by shop staff. This seems to explain why so many businesses owners are being arrested. No one can afford to sell below cost. In several speeches made since the clampdown started Mugabe has made it clear he believes the business community is trying to unseat him by hiking prices, in complete denial of government’s role in the economic collapse in the country. This latest Mugabe economic policy has only served to create shortages, with empty shops becoming the norm in the country.

Ruling party chefs however seem to have been the biggest beneficiaries of the chaos. Businessman Philip Chiyangwa is reported to have bought 6 months worth of cement production at Circle Cement in Harare at the new gazetted price of Z$150 000 per bag. Other senior officials have been [continue reading]

source: The Israeli Diamond
By: PolishedPrices
26.07.07, 13:07 / Mining

DiamonEx, in the final stages of taking its Botswana diamond mine into commercial production, announced today it had entered into a marketing agreement with WWW International Diamond Consultants, the London-based valuation and marketing company.

It is the first time a marketing agreement is signed in Botswana outside De Beers.

The move, announced at a two-day Capital Resources resource sector conference in Botswana’s capital Gaborone, comes shortly after the Australian junior announced the completion of final funding arrangements for the Lerala diamond mine which is expected to produce around 330,000 carats per annum starting later this year.

The company also has a listing on the Botswana Stock Exchange. The Israeli Diamond

source: IOL

July 26 2007 at 04:39PM

By Heinz de Boer

South Africa’s hosting of the World Cup could have huge tourism spin-offs that will extend far beyond 2010.

That’s the opinion of renowned editor, Pulitzer Prize winner and former US Assistant Secretary of State John Hughes, who spoke of his life’s work in the media world on Wednesday.

Hughes, who first cut his journalistic teeth at the then Natal Mercury, visited Independent Newspapers as part of a US government-sponsored trip to help local reporters better prepare for the forthcoming soccer spectacle.

‘What we did get was an influx of tourists’
Cities such as Durban could draw maximum benefit from hosting matches and might well see international visitors being drawn by the massive television media coverage during the event, Hughes said.

Hughes was at the helm of the Desert Morning News when Salt Lake City hosted the Winter Olympics in 2002, and was instrumental in not only formulating an extensive Olympic media plan for the publication, but has since embarked on a project to help South African journalists learn from the Salt Lake City experience.

However he warned that government would be presumptuous to expect millions in direct investment into our [continue reading]

source: allAfrica
Mmegi/The Reporter (Gaborone)

25 July 2007
Posted to the web 26 July 2007

Emang Chibua

It is interesting to note that the new Companies Act, referred to as the Companies Act, 2003, that came into force on 3 July 2007, is beginning to send shockwaves across Botswana’s entire financial markets. As the market begins to digest the new information in the Act, it is becoming quite clear with increasing certitude that the new Act raises interesting debates regarding the ‘definition of private companies’ when viewed in light of other financial instruments such as the Income Tax Act.

Although it is appreciated that the new Companies Act is modern, simple and most likely to attract foreign direct investment to Botswana, the New Act, in my opinion, seems to be inconsistent with provisions stipulated in other Statutes. For instance, it is my considered opinion that the definition of a ‘private company’ under the Income Tax Act seems to be at loggerheads with the New companies Act.

It is therefore necessary to give a background about the scenario before the new Companies Act and the new scenario after the introduction of the new companies Act.

Under the Old Companies Act that has been scrapped, a private company was defined under section 31 as follows;

…a private company means a company which by its articles-

a) restricts the right to transfer its shares

b) limits the number of its members to 50,

c) Prohibits any invitation to the public to subscribe for any shares or debentures of the company….

It is interesting to note that the Income Tax Act definition of a private company is synonymous with that of the repealed Companies Act.

It is also interesting to note that the [continue reading]

source: SW Radio Africa
By Violet Gonda
26 July 2007

Outspoken NCA chairperson Dr Lovemore Madhuku said the Mugabe regime has once again shown it does not care about international opinion and it does not care about regional efforts, after carrying out a brutal and vicious crackdown on NCA activists on Wednesday.
The chairperson said 243 people were arrested in the afternoon and spent several hours at Harare Central police station being brutalised. They were later released close to midnight. Madhuku was speaking from the Avenues clinic where more than 170 activists were receiving treatment for injuries sustained whilst in police custody.

He said: “Imagine there are so-called mediation efforts by SADC, where the ZANU PF government is supposed to have taken lessons from March 11 (where opposition and civic leaders were severely assaulted by the police). But what happened yesterday is 10 times worse than March 11 because you have over 200 people being beaten, some of them quite old women – brutalised by young people wearing police uniforms and ZANU PF regalia.”
The pressure group had staged a series of demonstration in all the major towns. Scores of people were also arrested in Masvingo, Mutare, Gweru, Midlands and Bulawayo. They are all still in police custody.

It’s reported the violence was more severe in Harare where police also followed some of the demonstrators to the NCA headquarters and continued to assault them. NCA Director Earnest Mudzengi was one of those arrested from the offices. It’s reported the police fired shots in the air and threw tear gas at the activists at the offices. Madhuku confirmed that the police had barricaded the NCA headquarters and no one was allowed to enter the premises on Thursday.

Speaking from the Avenues Clinic one of the victims, Shepherd Gotora, said they were [continue reading]

source: IOL
July 26 2007 at 07:00PM

South Africa will probably have to import between 1 400 000 and 1 800 000 tonnes of maize this marketing season to supply the local demand, Grain SA said on Thursday.

It would be the biggest import since the de-regulation of maize marketing in 1997, Grain SA chairperson Neels Ferreira said in a statement.

South Africa normally used in the region of 8 900 000 tonnes of maize a year, he said.

However, the National Crop Estimate Committee (NCEC) expected a maize harvest of only 6 904 000 tonnes this year because of the drought in the country’s summer crop producing areas.

The actual amount delivered to the market could be even lower with farmers holding back grain with which to feed their cattle over the long winter.

The cattle producing area was also [continue reading]

source: IOL

July 26 2007 at 08:47PM

Ceppwawu, which represents employees in the chemical and paper industries, will embark on a strike following a deadlock in wage negotiations with their employers.

Ceppwawu (Chemical, Energy, Paper, Printing, Wood, and Allied Workers’ Union) was demanding a 10 percent increase across the board, 20 percent allowance for all shifts, and that temporary employees who performed permanent work be made permanent, spokesperson Keith Jacobs said on Thursday.

The union started negotiations in May along with the Chemical Bargaining Council and the Wood and Paper Bargaining Council, but the negotiations entered into deadlock on June 26 in all the chambers.

“Both the bilateral processes and the conciliation processes failed to resolve the [continue reading]

source: News24
26/07/2007 15:50 – (SA)

Johannesburg – A union with workers in various companies including petrochemicals group Sasol and paper maker Sappi said on Thursday it had issued a notice to strike over failed wage talks.

“The result of workers embarking on strike action… will result in oil refineries that will have to shut down due to the strike action and there will be a shortage of petrol,” the Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union (Ceppawu) said in a statement. News24