Archive for May 28th, 2008

source: BOPA
26 May, 2008

GABORONE – Big businesses have been urged to buy their basic needs from the Small Medium and Micro Entreprises (SMMEs) to help them evolve into large-scale enterprises.

Officially opening Botswana Confederation of Commerce Industry and Manpower (BOCCIM) Northern Trade Fair in Francistown, Local Enterprise Authority (LEA) chief executive, Dr Tebogo Matome, said large businesses can buy goods like horticultural produce, bread, candles and many others locally.

I do appreciate that the excuse which is normally given by large businesses, including chain stores, is that the quality of output from local SMME is below par.

If these large businesses really want to be solid corporate citizens then they must also work with BOCCIM and LEA in strengthening the SMMEs from whom they genuinely wish to procure their inputs.

Dr Matome also encouraged government, local authorities, parastatals to enhance their [continue reading]

Taxi fares rise

source: Mmegi
Staff Writer

Combi fares, and other public transport rates are set to rise this week. The Minister of Works and Transport, Johnny Swartz, released the new rates which should have become effective yesterday.

According to the ministry’s new rates, a combi trip will be P3.00, up from P2.50. A shared taxi will cost P3.60 up from P3.00. A special taxi trip, P18.00 from P15.00. Furthermore, bus operators on tarred roads will charge 13.58 thebe per kilometre up from 13.32, and those on gravel to sandy roads will charge 15.55 thebe per kilometre, an increase from 12.96.

Under the new system, a trip from Gaborone to Francistown is set to cost anything up to P57.00, while a trip to Maun will cost P135. Transport operators have been charging P51 to Francistown and P104 to Maun.

Although transport operators are generally free to set their own prices, the price range set [continue reading]

source: SW Radio Africa
By Tichaona Sibanda
27 May 2008

SADC leaders are to meet on the sidelines of a conference in Japan to discuss the current political instability in the region and the deployment of election observers to monitor the second round of the presidential poll in Zimbabwe.

The SADC leaders will be among 40 heads of state and governments from Africa meeting in Japan’s oldest port city of Yokohama, for a three-day conference on African development.

The summit starts Wednesday and finishes on Friday. Robert Mugabe will not attend the conference despite the fact that the Japanese government invited him. He’ll be represented by his foreign affairs Minister, Simbarashe Mumbengegwi.

Glen Mpani is the regional co-ordinator in the Cape Town based Centre for the Study of Violence and Reconciliation, and he said the time to pretend that all was well in the SADC bloc was long gone.

‘It’s now an open secret that problems in Zimbabwe have also helped inflame the crisis of xenophobic attacks in South Africa. By allowing the crisis in Zimbabwe to drag on for years, SADC leaders and in particular Mbeki have realised they left the crisis to [continue reading]

source: Mmegi
Staff Writer

Listed property concern PrimeTime Holdings, is to acquire a letting enterprise of Tati Company Limited for P75 million following shareholders’ approval at their recent extraordinary general meeting (EGM).

The majority holders of PrimeTime, which was listed on the domestic bourse late last year, sanctioned the deal, which involves three properties in Francistown. “At an extraordinary general meeting held on May 14, the three resolutions were passed by the majority of unit holders.

“Firstly, it was resolved that the letting enterprise Tati, which consists of Barclays Plaza, Blue Jacket Square and Nswazi Mall, will be acquired for P75 million. This amount is to be settled by way of the issue and allotment to Tati Company Limited of 25,600,000 linked units at a value of 125thebe each and P43 million on top,” said a company statement.

The linked units comprise one ordinary share and one debenture while PrimeTime will fund the remaining P43 million with P32 million from its [continue reading]

source: News24
27/05/2008 20:12 – (SA)

Johannesburg – Trade union Solidarity on Tuesday told the National Energy Regulator of South Africa’s (Nersa’s) public hearings into power utility Eskom’s proposed tariff hike that at least 346 engineers and artisans left Eskom last year.

Eskom has asked Nersa to allow it to increase its tariffs by 53% this year, and the public hearings, which form part of the application process, kicked off late last week.

The regulator expected to make its decision on Eskom’s application by June 6.

Solidarity asked Nersa to grant Eskom a temporary increase only, pending a thorough investigation into, among other things, Eskom’s skills needs and the current skills supply.

The skills exodus happened at a time when Eskom needed thousands of new engineers and artisans for its planned expansions, the trade union said.

In its presentation, Solidarity showed that the South African education system would not be able to produce the skills necessary for the utility’s expansion.

It said universities currently produce about 1 290 engineers a year, while the economy needs twice that number to supply the demand for skills.

India has one engineer for every 157 inhabitants, China has one for every 130 citizens, Germany has one for every 217 citizens and Brazil has one for every 227 inhabitants, while South Africa has only one engineer for every 3 166 citizens.

“At present South Africa only has about 10% of the [continue reading]

source: BOPA
26 May, 2008

FRANCISTOWN-The Department of Culture and Youth sponsored 10 young entrepreneurs to showcase their goods and services at the just ended BOCCIM Northern Trade Fair in Francistown.

The young entrepreneurs were selected from recipients of the Out of School Youth Grant in the Central and Northern regions, according to spokesperson of the Ministry of Youth, Sports and Culture, Mr Thuso Palai.

He said the ministry paid for the exhibition stalls while the department catered for their transport, meals and accommodation.

Mr Palai said the initiative provided the young entrepreneurs with an opportunity to market their products, interact and share ideas with other business people.

We saw this BOCCIM trade fair as an opportunity for them to access and [continue reading]

source: BBC News

South Africa is to set up seven refugee camps around the country for foreign migrant workers who have fled a recent wave of anti-immigrant violence.

The holding camps will take up to 70,000 people from the increasingly unsanitary conditions at temporary shelters put up around state buildings.

The government decision comes despite strong advice from respected international aid agencies.

They say South Africa does not have the expertise necessary to run the camps.

Medecins Sans Frontiers (MSF), the medical charity, says conditions for people seeking refuge in the existing shelters are [continue reading]

Angela Zachariasen

23 May 2008

Riding on the back of major economic growth, the Eastern Cape is reaping the rewards of investor confidence, with billions of rands being pumped into sprawling retail and commercial developments, residential establishments and golfing estates.

Almost anywhere you go, especially in the larger centres, land is being cleared for development, roads are being widened and huge retail and commercial centres are springing up.
Go to Eastern Cape Madiba Action Analysts say one of the primary reasons for the current boom is that the Eastern Cape has benefited significantly from South Africa’s export, tourism, industrial and infrastructure boom.

Investec Bank regional head Andy Vogel said investor confidence in the province had been supported by four years of excellent equity returns and gross domestic product (GDP) growth in excess of 5%, a massive property boom, low interest rates and a strong stable currency.

“This together with the region playing catch-up and the anticipation of growth driven by [continue reading]

source: Mmegi

SELEBI-PHIKWE: The government has been urged to give the recently established Diversification Unit flexibility in a bid to improve efficiency, amid fears of bureaucratic bottlenecks.

Minister of Minerals, Energy and Water resources, Ponatshego Kedikilwe and Selebi-Phikwe West Member of Parliament (MP) Kavis Kario made the call during a progress meeting in Selebi-Phikwe on Friday. However, while acknowledging the need to give the unit independence, Ministry of Finance and Development Planning permanent secretary, Serwalo Tumelo, ruled out giving the new structure autonomy.

Kedikilwe said the Unit should be given independence to ensure efficiency. “If we make it function as a government unit, there will be some impediments. I believe it should be given independence but made to account to the government,” Kedikilwe said. Kario expressed concern that [continue reading]