Archive for February 19th, 2008

Palapye: Goya Wins Again

source: Mmegi

BY RYDER GABATHUSE
STAFF WRITER

PALAPYE: In a humiliating defeat, the new kid on the political block, Moiseraele ‘Master’ Goya has shattered Health Minister, Professor Sheila Tlou’s dream of representing Palapye in Parliament. In one of the pulsating Botswana Democratic Party (BDP) primaries, Goya garnered 1,443 votes to Tlou’s 961.

The youthful Isaac Maforaga trailed with 81 votes, far below the difference of 482 between Goya and Tlou.

The re-run of the primaries reflects a dramatic increase in the turnout compared to last December when Goya won with a difference of only six votes after he was elected by 433 against Tlou’s 427.

Then, other contestants, Ogono Mogano came third with 88 votes whilst Maforaga came fourth with 76.

Mogano did not participate in the weekend re-run. Throughout Saturday, there was heavy movement between the [continue reading]

source: The Standard

BY OUR STAFF

ZIMBABWEANS starved of a daily alternative to the diet of heavily biased news offered by the State media, could soon get a reprieve.

Last Thursday, Associated Newspapers of Zimbabwe (ANZ), publishers of the banned titles, The Daily News and The Daily News on Sunday, submitted a fresh application to the Media and Information Commission (MIC) for the relaunch of their newspapers.

John Gambanga, chief executive officer of ANZ, confirmed to The Standard the group submitted its fresh application on Thursday afternoon.

“The provisions of the law give the commission 30 days and you should start counting the days excluding the weekends,” Gambanga said. “I am confident that we will be registered. I see no reason why we should be denied the licence.”

If there are no problems with its papers, the publishing company could be granted its licence by the end of March — 30 days from day of submission.

Asked why it had taken so long for ANZ to file its application when the MIC wrote on 14 January inviting them to file a fresh application, Gambanga said: “If you take a look at [continue reading]

source: Mmegi

Botswana will hold the country’s first economic forum at the Gaborone International Convention Centre next winter, sponsors of the conference Capital Conferences said on Friday.

The conference will be aimed at raising the flow of foreign direct investment (FDI),
According to the head of Client Services at Capital Securities, Leutlwetse Tumelo, the Botswana Economic Forum will be held on June 11. It will draw senior executives of international and regional companies who will investigate the possibility of establishing substantial subsidiaries in Botswana.

“The conference timetable has been developed to allow delegates an excellent overview of Botswana’s economic, political and social environment, allowing them to make informed decisions on inward investment into the country”, says Tumelo in a statement.

It is expected that Botswana’s leading company and government figures will make presentations.

The programme will [continue reading]

source: allAfrica
Business Day (Johannesburg)

18 February 2008
Posted to the web 18 February 2008

Mathabo Le Roux
Johannesburg

ESKOM’s plan to buy an additional 45-million tons of coal to replenish depleted stockpiles has been met with incredulity internationally, with analysts saying it overlooks severe global coal supply constraints, logistical challenges and price concerns.

This could be the first time that SA, a net exporter of coal, imports coal. A New York-based analyst, who declined to be named, said on Friday Eskom’s plan could be hampered severely by tight global supply caused by Indian and Chinese demand.

“The markets here have been abuzz with the news (of Eskom’s coal procurement plan),” the analyst said. There was concern that Eskom had not taken into account extraneous factors that [continue reading]

source: Sunday Standard
by Godfrey Ganetsang
17.02.2008 3:51:44 P

Botswana faces possible power blackout in future as Botswana Power Corporation, battles to maintain a difficult relationship with its main supplier, embattled South African power utility, Eskom, while struggling to transmit power obtained from Mozambique through Zimbabwe whose unreliable transmission infrastructure has let Botswana down on more than one occasion.

At a recent stakeholders briefing seminar in Francistown, BPC’s Systems Operations Manager, Lovemore Chillimanzi, was struggling to reassure fidgety Francistown businessmen who, having seen through his hollow promises that all would be well, proceeded to drill him with piercing questions that eventually exposed the fact that Botswana’s future is in a precarious position as it later emerged that there are no guarantees that Eskom would stick to its contract with BPC.

Botswana depends on four main power sources, the major one being Eskom, which supplies 350 MW, Morupule Power Station with 120 MW, Hydroelectrica de Cahora Bassa and Electricide de Mozambique, which supply Botswana with 50 MW and [continue reading]

source: News24
18/02/2008 21:44 – (SA)

Pretoria – The Belgian government has donated €7.5m (about R83.6m) to further land reform in South Africa.

“Belgium is a staunch supporter of land reform,” said Belgium ambassador Jan Mutton on Monday, at the launch of the Settlement and Implementation Support (SIS) strategy at the Sheraton hotel in Pretoria.

The strategy has been developed to help support beneficiaries of land reform.

The launch was attended by Agriculture and Land Affairs Minister Lulu Xingwana, her deputy Dirk du Toit and chief land claims commissioner Thozi Gwanya.

Mutton said land reform was important for [continue reading]

source: Mmegi

BY TUMELO SETSHOGO
CORRESPONDENT

The just released 2007 report of the World Bank Group for the African Region’s Private Sector Unit says Botswana’s investment climate has a reputation for excellent microeconomic management, modest inflation, and extremely rapid growth.

The report revealed that firms complain little about many areas of the investment climate such as regulation and infrastructure, and that objective indicators usually confirm that Botswana compares favourably with other middle income economies in these respects.

Although firms have concerns in other areas such as corruption, taxation, and macroeconomic instability, the report says Botswana often compares favourably with other SACU economies and high performing middle income economies in these areas as well.

But despite having a relatively attractive investment climate, firms [continue reading]