Archive for February 15th, 2008

source: Mmegi


PALAPYE: The Botswana Congress Party (BCP) is off to a shaky start in the preparations for March 15 by-election for the vacant Palapye constituency.

Reports from Palapye show that party supporters loyal to the loser of the January party primaries, Comfort Molosiwa are worried that they are not ‘included’ in James Olesitse’s campaign teams in town.

Although even Molosiwa himself has been roped into one of the BCP campaign teams, “he has not taken part in such campaigns which form the party’s main strategy to make in-roads in the area”.

Whilst Olesitse’s supporters are full of energy, wanting to see their [continue reading]

source: SW Radio Africa

By Tichaona Sibanda
14 February 2008

Prices of basic goods shot up to an all time high on Wednesday as the country’s world-record hyperinflation spun further out of control. The Central Statistical Office, which has failed to release inflation figures since September last year, sent a statement to banks Wednesday confirming inflation has soared to a new high of over 66,000 percent, based on December figures.

This marked a gain of over 39,000 percentage points on the November rate of over 26,000 percent. But independent economists believe the true inflation figure could be hovering around 100,000 percent.

Our Harare correspondent Simon Muchemwa told us Zimbabweans woke up Wednesday to this shocking news as prices of basic goods rose by over 1,000 percent. Last month government, in an apparent vote buying exercise, promised people it was going to introduce ‘people’s shops’ where goods would be sold at reasonable prices.

According to Muchemwa, a loaf of bread shot up Wednesday to Z$6 million from Z$2,5 million, a 2kg sugar pack rose to Z$9 million from Z$700 000. A 10kg bag of mealie-meal rose to Z$14 million from Z$3,5 million while a bar of soap, which used to cost Z$7 million rose to Z$14 million.

‘The price increases come barely a month after government told the nation it was [continue reading]

source: Mmegi


Chinese companies doing business in Botswana are abusing Batswana, trampling on the country’s labour laws and bribing labour officers to continue with this unpunished, says Member of Parliament for Gaborone South, Akanyang Magama.

Commenting on the budget speech on Tuesday, Magama said the situation of industrial relations in the country is very disturbing, especially that government seems to be interested in attracting Foreign Direct Investment, whilst ignoring protection of employees.

He accused the Chinese companies of employing people on short term contracts to avoid paying them severance pay and gratuity.

Magama mentioned names of several textile companies, who treat [continue reading]

source: BOPA
14 February, 2008

PARLIAMENT – Thirteen development projects earmarked for the Central District Council (CDC) have been budgeted for implementation in the 2008/2009 financial year.

The projects, according to the Minister of Local Government, Dr Margaret Nasha include the design of Mabeleapodi-Tshimoyapula 17km road, which is at the final draft design stage.

The undertaking would be implemented in the Serowe/Palapye Sub District.

Other projects to be carried out in the sub district are the design of the Palapye bus/taxi rank, whose tender was awarded end of January 2008, and is awaiting contract.

School that includes hostels for the disabled is yet to be implemented, she said adding that tender documentation and an Environmental Impact Assessments preparation is ongoing.

In addition, Dr Nasha explained that the Lerala customary court project, which is at a design stage, is underway while that of Mahalapye-Kudumatse 52km road is at final draft stage.

Other design projects awarded in [continue reading]

source: SouthAfrica.Info

Business tourism, including the trade show and exhibition industry, is booming in South Africa. And no wonder.

Well over 1 000 world-class conference and exhibition venues are available across the country, ranging from intimate bush hideaways to hi-tech convention centres, and all offering a wealth of side-tours: from walking with elephants to first-hand experiences of African culture to luxury shopping and relaxation. [continue reading]

source: Mmegi


Plascon Botswana has not been affected by the Barloworld Group’s unbundling late last year, says Plascon MD Dick Jamieson.

Speaking to Business Today at a ceremony to award the company BOS ISO 9001:2000 yesterday, Jamieson said the unbundling was only at shareholding capacity and did not affect their day to day running at Plascon.

At the end of 2006, Barloworld unbundled most of its subsidiaries in order to focus its business on sales and service. The group then listed all its manufacturing businesses on the Johannesburg Stock Exchange.

The result was that the coatings division was separated from the Barloworld Group and is now known as Freeworld Coatings, of which Plascon Botswana is a subsidiary.

Jamieson says the company, which makes most of its products here in Botswana and exports some to [continue reading]

source: IOL
February 15 2008 at 12:11AM

By Stella Mapennicezauswa

South Africa’s state power firm said on Thursday it would increase coal purchases and buy back electricity from those industrial users able to reduce consumption under a plan to address crippling shortages.

South Africa has been hit hard by power cuts since early January that forced mines to shut for five days last month.

The rand fell sharply, investor confidence in Africa’s biggest economy was weakened and precious metals’ prices soared. Platinum reached a new record on Thursday.

State-run Eskom said it would buy an extra 45 million tons of coal over the next two years. It currently buys about 90 million tons of coal a year and limited supplies have been one factor behind the power cuts.

A spokesperson said the extra coal [continue reading]