Archive for November 5th, 2007

source: Mmegi


Over 2 500 flats and townhouses belonging to the Botswana Housing Corporation (BHC) in Gaborone, Lobatse, Francistown and Maun are to be put up for sale under the sectional title scheme.

The Chief Executive Officer of the public housing agency Reginald Motswaiso said since the enactment of the Sectional Title Act in 1999, the BHC had been working hard to prepare for the smooth rollout of the scheme.

Motswaiso was speaking at the launch of [continue reading]

source: Sunday Standard
by Sunday Standard Reporter
04.11.2007 5:33:46 P

The Botswana government is to fast-track the establishment of the non-banking financial authority in an attempt to deal with the unregulated financial markets, the Permanent Secretary in the Ministry of Finance said last week.
His comment comes after the appointment of a six member board which is headed by Botswana Development Corporation’s chief executive officer, Kenneth Matambo, and which will oversee the operations of the financial sector.

“We have recently advertised the post of the CEO of the Non Banking Financial Authority both locally and regionally. The hope is that when the minister inaugurates the board this month we will [continue reading]

source: Sunday Standard
by Sunday Standard Reporter
04.11.2007 5:38:06 P

Firestone Diamonds, the London AIM listed company, has described its drilling results in Tsabong as “very encouraging” as it is pounding over the long term prospects of listing on the Botswana Stock Exchange (BSE).

Firestone chief executive officer, Phillip Kenny, told The Sunday Standard on Friday that the listing on BSE is “something that they are looking at sometime in the future”.

“We are seriously considering that but at the moment there is no company policy on that. Right now our primary objective is [continue reading]

source: IOL
Edwin Naidu
November 04 2007 at 05:18PM

Consumers have little reason for cheer, as rapidly rising oil prices and the prospect of another interest-rate increase by the Reserve Bank look likely to put the brakes on festive-season spending.

Economists have warned of a bleak festive season as the oil price peaked at $96 (about R630) a barrel on Wednesday because of growing demand, the simmering stand-off between Turkey and Kurdish rebels based in Iraq, and the long-standing threat of a US attack on Iran. The problems facing the oil markets are creating a high level of uncertainty and pushing up prices around the world.

South African consumers are already feeling the inflationary pinch, in part because of increasing food and transport costs, and they are paying more to [continue reading]