Archive for August 21st, 2007
The Voice (Francistown)
21 August 2007
Posted to the web 21 August 2007
Stockbrokers Botswana has reported the satisfactory performance of the stock markets which rose steadily into the second half of 2007.
A research at Stockbrokers Botswana, Kagiso Sedimo told Your Money that the trajectory of the stock market hit a record high into the second half of this year, an indication that the performance of the market has been doing well. “This performance is based on the market and also showing a good performance of companies on both counters; the domestic and foreign counters. It indicates that for some companies, liquidity has been increasing while for some it was not increasing,” said Sedimo.
He said the stock exchange has also changed the methodology for calculating the market indices in April, from using a single last traded figure to using the last five traded figures and using the average of the five numbers to calculate the market capitalisation.
Sedimo has confirmed that the star performers for the quarter was Imara as it led the gainers with a high 173 percent. According to their report, this was on the back of an announcement by the company that it expected to report exceptionally better results that those indicated in the listing prospectus for the year ended 30 April 2007. Discovery Metals and Lionore followed with gains of 76 percent and 52 percent respectively. The other advancers to close the top 5 were FNBB and Stanchart with gains of 49 percent and 46 percent respectively.
On the other hand, the [continue reading]
21 August, 2007
KASANE – Participants at the just-ended four-day business management course in Kasane have commended the Local Enterprise Authority for imparting business skills on them.
The small business people told BOPA that they have benefited immensely from the course as they had been running their businesses without any knowledge on how to draw a business plan.
One participant, Ms Keitumetse Chika, who operates a game drive and boat cruise said she did not know the usefulness of having a business plan and she had acquired skills on how to target and penetrate the business market.
Ms Chika however said the course was short, and suggested that in future the course content should include bookkeeping and accounting.
Ms Seitlhoboge Vanderlith, owner of Blue Tooth Technologies, said she appreciated the course because of its relevancy to her business. We easily understood what the facilitator was saying because he simplified difficult concepts.
Ms Vanderlith said she was impressed by [continue reading]
source: BBC News Africa
Tuesday, 21 August 2007, 10:54 GMT 11:54 UK
The head of the UN refugee agency has told the BBC that contingency plans are needed in case the exodus of refugees from Zimbabwe increases.
Antonio Guterres called for increased assistance from the international community to help Southern Africa cope.
He said the UN High Commission for Refugees estimates that there are over 3m displaced Zimbabweans in the region.
More and more people are fleeing the worsening economic and political situation in Zimbabwe.
Zimbabweans are struggling to find even the most basic goods on shop shelves, as an economic crisis pushes inflation above 4,500% and unemployment is estimated at more than 80%.
Mr Guterres has just begun a four-day tour of Mozambique, Zambia and South Africa to assess the refugee situation, where he said the situation was complex.
There are many people seeking asylum in the region, and it is often difficult to tell who is a migrant, refugee, smuggler and trafficker, he said.
Mr Guterres told the BBC’s Network Africa that [continue reading]
August 21 2007 at 02:32PM
By Lindsay Dentlinger
The award of the tender to run Green Point Stadium after the 2010 World Cup has been delayed for at least another month to allow the city time to interview the three bidders.
The 30-year lease, which has an estimated R260-million present day value, was originally scheduled to be awarded in August.
But the tender evaluation committee has decided that it wants to meet the bidders face-to-face to clarify their bids.
The city is however remaining mum on exactly what the bidders are proposing to ensure the stadium produces an income and how it will manage the adjacent urban park.
By the end of the July 10 extended deadline, three submissions involving seven companies had been received.
City 2010 spokesperson Pieter Cronje said on Monday all three submissions complied with the tender criteria and were now being weighed up against each other.
The city has also declined to name the companies involved.
“We need to see how they [continue reading]
21 August 2007
Despite the fact that some African countries are excelling in growth and stability – Botswana, for example, was one of the world’s fastest growing economies over the last decade – the continent’s reputation continues to overpower the identities of its nations.
Perhaps this is because the noisiest branding of Africa still comes from outside the continent.
The failure of ‘charity branding’
Africa’s dominant image has been created by the charity brands: the 1985 Live Aid to provide food for Ethiopia, 2005’s Live 8, “Make Poverty History,” G8 politics, Sir Bono and Sir Bob, celebrity adoptions, and Vanity Fair covers.
Such campaigns can play a positive role – a strong public voice can put ground swells of pressure on politicians and instigate change. But, en masse, these campaigns have a tendency to create a perception of Africa as a continent that is beyond hope: too much poverty, too much death, and an overwhelming sense of too many problems with too few coherent solutions.
For all the good intentions of the campaigners, the tragic reality is that [continue reading]
Mmegi/The Reporter (Gaborone)
17 August 2007
Posted to the web 21 August 2007
A delegation from Chinese businesses this week approached President Festus Mogae about their eagerness to turn Botswana into an attractive tax-free hub of commerce and industry for the southern African region.
The delegation presented a three-year development plan with an investment amounting to US$50 million for the proposed scheme it styled the China-Botswana trade area.
It involves transforming Botswana into a light industry hub for the assembling, logistics, customer service and sales of Chinese machinery, electronics and domestic appliances from late 2007 to 2010.
Projections are that when it is fully operational by 2010, the project will employ 3, 000 people and export goods worth US$100 million per year.
It appears the proposal has acquired the OP’s and other ministries’ nod. The leader of the delegation, who is also the head of the China-Botswana trade area, He Liehui, says he will return to Botswana for the formal signing of an agreement and discussions on the site of the ambitious proposal’s industrial park and other details of the project from August 8 to 14.
Liehui is based in China, but he is also linked to a company that has had a presence in the Botswana textile industry since 1999, the Daheng group.
He says six Chinese conglomerates are ready to join the China-Botswana trade area: “These companies are involved in areas such [continue reading]
source: BBC Sport
Tuesday, 21 August 2007, 10:18 GMT 11:18 UK
South Africa will become the first World Cup hosts in more than 70 years to participate in the qualifying competition.
However, Bafana Bafana will play in the finals regardless of their performance in the qualifiers.
The African qualifiers for the 2010 World Cup are to be combined with the preliminaries for the 2010 African Nations Cup finals.
This will necessitate the participation of South Africa, the Confederation of African Football (Caf) announced on Tuesday.
While all the other African nations involved in the qualifiers will be vying for spots in both tournaments, South Africa will only be chasing a berth in the Nations Cup finals to held in Angola.
Similarly, Angola will be only trying to qualify for a World Cup place.
For the first time, Africa has a full quota of 53 entries for the 2010 preliminaries, which will be divided into three stages.
The bottom 10 African teams in the Fifa rankings have been drawn into five preliminary round ties, which are to be played over two legs in October and November.
Fifa says the draw has been conducted and is expected to be announced in the next days.
The five winners will [continue reading]
21 August, 2007
GABORONE – Russias leading mining and metallurgical company Norilsk Nickel has bought Tati Nickel Mine, the companys chief executive Mr Peter Breese has announced.
Speaking at a press briefing at the residence of the Russias ambassador to Botswana last Thursday, Mr Breese said the company was committed to making the mine the only one in Africa that produced a finished mineral product by 2009.
Mr Breece said the refinery would use a technology that had been developed prior to its use in Botswana.
He said through Norilsk Nickel, Botswana would receive one of the largest investments ever. The company would have invested P4 billion in the Tati Nickel Mine project.
Mr Breese said that his company expected that when the refinery was complete the Tati Nickel Mine would add about two per cent to the Gross Domestic Product (GDP) of Botswana — and three per cent to economic diversification.
He added that at the moment the company had a mini demonstration refinery plant, which employed 155 people — only two of them expatriates — working and undergoing training at the plant.
He also said 450 skilled workers would be employed after completion of the refinery, saying majority of them would be Batswana graduates from their training division and from mining schools.
Mr Ralph Morgan, deputy director general of Norilsk Nickel, said his company believed in the people, government and the infrastructure of Botswana.
Botswana is an excellent stepping stone in [continue reading]
source: International Herald Tribune
By Lydia Polgreen and Howard W. French
Published: August 20, 2007
KABWE, Zambia: The courtyard in front of the Zambia China Mulungushi Textiles factory is so quiet, even at midday, that the fluttering of the ragged Chinese and Zambian flags is the only sound hanging in the air.
The factory used to roar. Since the day it opened more than 20 years ago, the vast compound shuddered to the whir of rollers and the clatter of mechanical weaving machines spooling out millions of yards of brightly colored African cloth.
Today, only the cotton gin still runs, with the company’s Chinese managers buying raw cotton for export to China’s humming textile industry. Nobody can say when or even if the factory here will reopen.
“We are back where we started,” Wilfred Collins Wonani, who leads the Chamber of Commerce here, said, sighing at the loss of one of the city’s biggest employers. “Sending raw materials out, bringing cheap manufactured goods in. This isn’t progress. It is colonialism.”
Chinese officials and their African allies like to call their growing relationship a win-win proposition, a rising tide that lifts all boats in China’s ever-widening sea of influence. This year, China pledged $20 billion to finance trade and infrastructure across the continent over the next three years. In Zambia alone, China plans to invest $800 million in the next few years.
From South Africa’s manganese mines to Niger’s uranium pits, from Sudan’s oil fields to Congo’s cobalt mines, China’s hunger for resources has been a shot in the arm, increasing revenue and helping push some of the poorest countries on earth further up the ladder of development.
But China is also exporting huge volumes of finished, manufactured goods to those same countries, from T-shirts to flashlights, radios to socks, hampering Africa’s ability to make its own products and [continue reading]
21 August, 2007
MOLEPOLOLE – Kweneng District Immigration Officer, Ms Mercy Zachariah, says the deportation of illegal immigrants cost government a lot of money.
Interviewed by BOPA recently, Ms Zacharia said the government used more fuel to transport immigrants who keep on coming back after deportation. She said the government could not relax and leave them staying in Botswana illegally.
Ms Zacharia said after arrest, immigration officers kept the illegal immigrants at police stations and prisons for sometime but the problem was that there was no budget for feeding them.
She said the problem was that her department could only the immigrants for 24 hours at police stations. Prisons were not meant for illegal immigrants who are waiting to be deported.
She said her department was concerned about the rapid influx of illegal immigrants from Zimbabwe into Botswana. She appealed to Batswana to refrain from harbouring illegal immigrants in their homes and cattle posts.
She said some illegal immigrants were charged less money for crossing in Botswana; therefore, it was easier for them to pay the charge and come back into Botswana.
One Zimbabwean national, who is [continue reading]
21 August, 2007
MAUN – North West District full council is expected to debate 19 motions and five questions from various councillors at its meeting that begins on Tuesday this week Kgosing Ward Councillor Mr Galaletsang Mhapha will table a motion calling on the council to request the Ministry of Works and Transport to make insurance compulsory to every vehicle registered in Botswana.
He will also table a motion asking the council to request the Ministry of Environment, Wildlife and Tourism (MEWT) to introduce rifle and short gun silencer so as to reduce the amount of noise made during gun shots in the wilderness because the sound chases game away and scare tourists.
His third motion will request the Ministry of Communications, Science and Technology to address the council on how it intends to improve their services they are giving to old age pensioners.
Nominated Cllr Gopolang Mokotedi will move a motion requesting the council to introduce social welfare committees in Ngamiland District as it is indicated in the revised Destitute Policy.
He will also as the council to request the Ministry of Education to introduce fully fledged day care centres in rural villages in the country in order to cater for children in these villages.
Another motion from Nxauxau/Gani Cllr Samson Mauano calls on the council to request the Ministry of Environment, Wildlife and Tourism to consider compensating farmers whose farms or fields have been damaged by wild animals whose fields have been fenced using material such as thorny trees (matlhaku).
Cllr Mauano would also ask the council to request the same ministry to consider compensating farmers whose livestock has been killed by wild dogs and hyenas.
One of the motions that Ngarange Cllr Mbathera Ngundora will put forward include the one calling on the [continue reading]
21 August, 2007
GHANZI – European Commission and Skillshare International Botswana have donated P7 million to Botswana Rural Community Livelihood Programme (BRCLIP).
BRCLIP is one of the many projects that Skillshare International and the European Commission are involved in to promote community and organisational advancement through vital knowledge and skills transfer.
Speaking at the launch in Ghanzi, Assistant Head of European Commission delegation Jane Cunningham said the aid would assist partners meet the challenges of eradicating poverty.
The aid would substantially further improve the quality of education and training, to increase access to it as well as promote the skills needed for the market of a growing and increasingly diversifies economy.
The eight beneficiaries of the project include four brigades namely Kang, Matsheng, Okavango, Ghanzi Brigades as well as four trusts: Tquii Xu Yani, Permaculture, Letloa and Polers.
These community based partner organisations have proved their effectiveness and capacity to do more with our assistance, she said, adding that the eight had strong links with communities and work to develop job creation opportunities.
Cunningham mentioned that HIV/AIDS awareness, behavioral change, support for orphans as well as provision of care and counselling for remote areas dwellers remained extremely important component in this project.
Mr Director Tlharese, the chairperson of the Ghanzi District Council, said the [continue reading]
August 21 2007 at 12:35PM
It has barely been 10 weeks and already 107 suspected criminals are off the streets and behind bars, thanks to community participation in the national Crime Line project.
Besides the arrests, 13 stolen vehicles, a stolen motorcycle, luggage, cellphones, electronic equipment, guns, ammunition, cash and nine goats were recovered during investigations.
Releasing these statistics in Sandton on Monday, SA Police Service spokesperson Director Sally de Beer said a majority of the arrests, 92, took place in Gauteng.
“Of the 66 cases registered, 29 related to the possession of or dealing in drugs. Other charges recorded include aggravated robbery, housebreaking, fraud, stock theft, child rape, dealing in liquor and selling pirated DVDs.”
Drugs seized during [continue reading]
21 August, 2007
GABORONE – MultiChoice Botswana has apologised for failing to communicate to subscribers on time about losing the bid to show all English Premier League (EPL) games on DSTV.
Addressing a news conference on Friday, the companys public relations officer, Tshepo Maphanyane admitted that lack of communication contributed to the subscribers anger.
Maphanyane said unfortunately, the decision by EPL was beyond MultiChoices control because EPL had the right to decide on what changes they wanted to make and to who to sell their product.
Maphanyane said to ensure that subscribers did not miss out on any sporting action, a line up of 1000 games from the best leagues in the world had been bought.
She said these include among others, Spanish La Liga, French Ligue 1, UEFA Champions League, Portuguese Supa League and the Euro 2008 qualifiers.
She also announced that the decision by EPL would affect MultiChoice subscriptions and they would remain the same because they did not charge per programme but as a package.
SuperSport Africa Communications and Marketing Manager Ponga Liwewe briefed journalists about programmes SuperSport offered for the season and also shared information on acquisition of contents.
Liwewe said Botswana and other affected countries would have to do with few EPL games for the next three years.
He said although African football did not have the glamour and glory that EPL enjoys, it could be [continue reading]