Archive for April 23rd, 2008

source: Miningmx
Brendan Ryan
Posted: Wed, 23 Apr 2008

[] — UK-listed Gem Diamonds (Gem) intends developing its Gope kimberlite project in Botswana into a mine producing one million carats annually at a cost of US$450m.

That’s assuming the company is granted the mining licence over Gope for which it applied in July last year.

According to the company’s annual results statement for the year to end-December, “Section 51 negotiations with the Government of Botswana will commence shortly. These negotiations will determine the key terms of the mining licence.”

Gem bought Gope from De Beers in [continue reading]

23 April 2008

The JSE has honoured 19 South African companies that have been listed on the exchange for 40 years and more, stating that those companies have helped position the JSE as a world-class stock exchange.

“The exchange has operated for 121 years and throughout this time has formed solid relationships with several prestigious organisations,” said JSE chief executive Russell Loubser at a luncheon in Sandton, Johannesburg, last Friday.

The JSE, which ranks among the top 20 stock exchanges worldwide in terms of market capitalisation, was originally established as the Johannesburg Stock Exchange in November 1887 to raise capital for mining operations following the discovery of gold in the Witwatersrand a year earlier.

Companies that have been listed for 40 years and longer include DRDGOLD, African and Overseas Enterprises, Caxton and [continue reading]

source: International Herald Tribune
By Celia W. Dugger
Published: April 23, 2008

JOHANNESBURG: As diplomatic efforts to resolve Zimbabwe’s political crisis intensified, an editorial in a state-owned newspaper on Wednesday proposed that a transitional unity government headed by President Robert Mugabe run the country while new elections were organized.

Mugabe’s government quickly distanced itself from the article, published in The Herald newspaper, with a spokesman telling the BBC that ZANU-PF, the ruling party, was preparing for a presidential run-off between Mugabe and the opposition candidate Morgan Tsvangirai.

Zimbabwe’s opposition party, which says it defeated the [continue reading]

source: SW Radio Africa

The Herald said that political tensions in Zimbabwe made it impossible to hold a run-off vote.
The newspaper said that a transitional government should seek the help of SADC to write a new constitution adopted after a national referendum, and to organise new elections.

Herald article
: UK Times article : Reuters article

source: IOL
April 23 2008 at 08:42AM
By Natasha Joseph

More than 10 000 South African Airways (SAA) passengers lodge claims for damaged luggage annually and around 6 600 will have their luggage stolen each year, says the company.

And British Airways (BA) says about 26 bags per 1 000 customers “fail to travel as planned” – but “the vast majority” of passengers are reunited with their luggage within two days.

Last week British resident Marius Maritz, whose luggage went missing between Johannesburg’s OR Tambo International and London’s Heathrow airport, told the Cape Times that SAA lost 50 000 bags in the preceding year.

This figure was given to him by an employee in SAA’s customer relations division.

SAA said it was “not aware” of that figure, but could confirm that it handled more than [continue reading]

source: Mmegi
Staff Writer

The Bank of Botswana’s Monetary Policy Committee (MPC) has once again decided to leave the Bank Rate unchanged despite the ever-increasing inflationary pressures on the economy.

In one of their quarterly meetings held yesterday, the MPC admitted that the current inflation levels are above the Bank’s targets, but decided to leave the bank rate at 14.5 percent nonetheless.

“In a meeting held today, the Bank of Botswana Monetary Policy committee decided to maintain the Bank Rate at 14.50 percent,” a statement released by BoB’s Public Relation Officer Chepete Chepete said yesterday.

“However, the committee noted that inflation remains way above the Bank’s upper limit of 6 percent, in the main due to the impact of higher fuel and food prices.”
Interest rates is one of a number of monetary policy instruments which [continue reading]

source: allAfrica
The Nation (Nairobi)

23 April 2008
Posted to the web 22 April 2008

Kitsepile Nyathi

The controversy surrounding a Chinese shipment of arms to troubled Zimbabwe has exposed growing regional anger over the way President Robert Mugabe has tried to cling to power despite his electoral defeat last month.

The ship, which is laden with large amounts of weapons and ammunition, has already been turned away from South Africa and Mozambique, and is now believed to be headed for Angola, possibly with a refuelling stop in Namibia.

Mounting international pressure might force to the two countries to also follow the example set by South Africa and Mozambique.

The opposition Movement for Democratic Change (MDC), which beat Mr Mugabe’s ruling Zanu PF in last [continue reading]

source: Mmegi

Nightclub operators are taking the government to court following the implementation of new liquor operating regulations.

Gaborone attorney Lone Masire confirmed that he has been engaged by the nightclub owners and would be filing an urgent application at the Lobatse High Court this week. But Masire would not specify what exactly they are challenging, stating that he is still preparing the case.

The attorney said they had wanted to file the application by yesterday but he was still consulting clients on certain issues.
Maun based nightclub owner Tops Masole, who is one of the business people at the forefront of the court case, decried that the [continue reading]

source: allAfrica
The Nation (Nairobi)
23 April 2008
Posted to the web 22 April 2008

Wene Owino

When the time came for Zimbabwe opposition leader, Morgan Tsvangirai to flee his country Zimbabwe because his life was in danger after the March 29 general elections, his options became limited by the exigencies of regional politics.

Because he needed to be closer home where he can exert pressure on veteran dictator Robert Mugabe, there were only four countries he could escape to as they share a common border with his country.

Of these Mozambique was out of the question because of two reasons. It is a Lusophone country with its attendant language problems in a predominantly Anglophone region and a lightweight in regional politics.

The second option, Zambia would [continue reading]

source: Mmegi

MAPUTO: A Chinese ship carrying arms to Zimbabwe, which was turned away from South Africa, is heading to Angola in hopes of docking there, the transport minister of Mozambique said over the weekend.

The ship left South African waters on Friday after a court refused to allow the weapons to be transported across South Africa, the South African Press Association said. Mozambique Transport and Communications Minister Paulo Zucula told Reuters that Mozambique has been monitoring the movements of the ship since it lifted anchor and left South Africa.

“We know that it registered its next destination as Luanda because here we wouldn’t allow it into Mozambican waters without prior arrangements”, he said.
The An Yue Jiang, a Chinese ship, had been at anchor off Durban on South Africa’s Indian Ocean coast since Monday, turning into a [continue reading]

source: News24
22/04/2008 16:37 – (SA)

Acornhoek – A 68-year-old woman has been told that she can’t get an ID because she is too ugly to be a South African citizen.

Clara Sibuyi from Bodlambongolo in Acornhoek, Mpumalanga, has struggled for 10 years to get an ID book and has been forced to beg for hand-outs because she can’t receive her pension grant without one.

“I have tried everything I can in my power, but now it seems the ugliness has beaten me,” said Sibuyi.

She says she has spent ten years going back and forth to the department of home affairs and trying to convince them she is South African.

“I have lost hope and just wish God would take me because my [continue reading]