Archive for November 15th, 2007

source: Mmegi
GIDEON NKALA
STAFF WRITER

Health Minister, Professor Sheila Tlou might need more than just a prescription of Panados that her medical stores dispense to deal with the legal headaches that the resignation of Boyce Sebetela has placed on her. Sebetela’s departure from Palapye was widely expected to present Tlou with a big Christmas bonus but as it turns out, the minister has a humungous political and legal logjam to deal with.

Can Tlou contest the by-election without resigning her position as Specially Elected Member of Parliament? Can she continue carrying on as minister of Health while she is not an MP? If she resigns as an MP, how soon can Parliament fill the vacancy? Would the BNF’s Dr Kathleen Letshabo, who was the number five in the list of parliamentary nominations by law to take up the vacancy that Tlou’s resignation would create, be standing in line?

These are the many key questions that the minister together with the Botswana Democratic Party would have to contend with before Tlou plunges into the Palapye parliamentary by-election.

Tlou is quite alive to the [continue reading]

source: Mining Weekly
By: Reuters
Published: 14 Nov 07 – 16:25
otswana’s diamond trading firm expects to sell $360-million worth of rough diamonds to local gem cutters in 2008, as the world’s biggest diamond producer by value pushes to forge a local polishing industry.

The value of sales of raw or rough diamonds to local cutters could jump to $550-million in 2009, Diamond Trading Company (DTC) Botswana, said in a statement on Wednesday.

DTC is a 50/50 joint venture between the government of Botswana and De Beers, the world’s biggest producer of the gem.

DTC Botswana said it had agreed to supply diamonds to 16 local diamond cutting firms on a three-year contract.

DTC Botswana will be responsible for the sorting and valuing of [continue reading]

source: IC Publications

Japan will launch satellite searches for rare metals with Botswana and South Africa in a global race to secure industrial resources, a minister said in an interview published Thursday.

Japan has a strong interest in platinum and other rare metals and minerals abundant in Africa as their prices are rising due to growing demand for use in high-tech goods and limited supply.

China, formerly a major supplier of rare metals to Japan, has curbed exports and in turn has also reached out to Africa in its hunt for rare materials to fuel its rising economy.

Japan plans to employ a satellite to provide images from outer space that would be used to analyse possible deposits of precious resources.

Economy and industry minister Akira Amari, who left Tokyo Wednesday for Africa, told the Yomiuri Shimbun that he expected to agree on the joint search with Botswanan President Festus Mogae.

Amari will stay in Botswana on [continue reading]

source: Mmegi
TUMELO SETSHOGO
CORRESPONDENT

The Bank of Botswana (BoB) has dismissed rumours that it is in the process of replacing the P10 note with a coin.

BoB spokesman Chepete Chepete says there has not been any discussion at the moment regarding replacing any money in circulation.

“No, it’s not true at all that we are thinking of making a P10 coin. The note is still in full use,” Chepete says, adding that the central bank is not in the process of making any new notes either.

What BoB is doing is appealing to members of the public and financial institutions to return worn out P10 notes to the central bank for replacement with new ones.

“We have plenty of new P10 notes which are [continue reading]

source: IOL
November 15 2007 at 06:13AM

By Staff writer and Sapa

Blackouts are here to stay – for up to seven years, says Eskom.

An Eskom spokesperson said demand and supply for electricity was “tight”, and that load-shedding was “not short-term”.

His comments came as South Africans endured another cycle of load shedding across the country, the result of unplanned outages and equipment repairs at a number of Eskom’s power station units.

Load shedding was stopped temporarily on Wednesday afternoon, but was likely to resume towards evening, said Eskom.

Eskom spokesperson Tony Stott said load shedding would begin again “as we move into peak hours… probably at around 5pm or 6pm”.

Stott said power stations hit by [continue reading]

source: National Jeweler Network
November 14, 2007

Botswana—Diamond Trading Co. Botswana (DTC Botswana) announced today that all 16 of the country’s license holders meet the supply criteria and will become DTC Botswana sightholders.

The sightholder contract extends for a three-year period, from 2008-2011.

Kago Moshashane, acting permanent secretary of Botswana’s Ministry of Minerals, Energy and Water Resources and a director of DTC Botswana, projects that $360 million worth of rough diamonds will be sold by DTC Botswana to sightholders in 2008.

He expects that number to grow to $550 million by 2009.

In addition, officials believe the solidification of the sightholders will create more than 3,000 jobs in Botswana.

“Today is a momentous day for Botswana and its citizens,” Moshashane said. “The purpose of DTC Botswana is to [continue reading]

source: SW Radio Africa

By Tererai Karimakwenda
14 November, 2007

As the lawlessness continues to rule on commercial farms in the country, farmers’ organisations report that the looting of farm equipment and other assets by top officials has intensified. The recent escalation is largely due to the Supreme Court decision last Monday that allows government to take farm equipment from white farmers whose properties have been ‘acquired.’ Two well-known cases represent the situation clearly, one in Karoi and the other in Masvingo. In both cases, senior army officials are reported to have ordered the farm owners to leave all their movable assets, and have not offered any compensation for the materials.

John Worsley Worswick of Justice for Agriculture (JAG), which represents evicted farmers, confirmed there is no regard for the rule of law. He said: “Where this equipment should be acquired by way of due process under the Farm Equipment and Materials Act, on the ground it’s politics that reigns and certainly we see a massive escalation in interest in that equipment.”

Worswick added: “Farmers are now being instructed not to [continue reading]