Archive for September 17th, 2008

source: Mmegi
Staff Writer

The Botswana government now recognises Robert Mugabe as President of Zimbabwe, thanks to a deal signed between his party, ZANU-PF and Morgan Tsvangirai’s Movement for Democratic Change (MDC) yesterday.

Also signing the deal was Arthur Mutambara of the break-away faction of the MDC.

President Ian Khama of Botswana and Minister for Foreign Affairs and International Cooperation, Phandu Skelemani were among the heads of state and senior officials of African governments who attended the signing ceremony yesterday.

Skelemani said they are happy with the deal and the bilateral relations between the two countries will return to normal. “We have never had problems with the people of Zimbabwe. Some of them are our [continue reading]


source: allAfrica
The Herald (Harare) Published by the government of Zimbabwe
16 September 2008

THE signing of the power-sharing agreement between Zanu-PF, MDC-T and MDC yesterday marks the dawn of a new era in Zimbabwe with all hands now on deck to steer this ship to a new social, political and economic dispensation.

The agreement signals the closing of ranks among Zimbabweans, with the support of our African brothers and sisters, to get on with the job of rebuilding our nation.

We salute all three principals, President Mugabe, Prime Minister-designate Morgan Tsvangirai and his deputy-designate Arthur Mutambara, for the progressive pronouncements they made and hope they will quickly transform the talk into action as the real work has just begun.

We hope that with the signing of the agreement, we will all march in unison as Zimbabweans committed to this country first.

It is important to note that the [continue reading]

Bathandwa Mbola
16 September 2008

The rebuilding of Zimbabwe starts today, the country’s new prime minister, Morgan Tsvangirai, said on Monday after he and Robert Mugabe signed a landmark power-sharing agreement in Harare.

Addressing hundreds of party members, diplomats and African Union (AU) and SADC representatives at Harare’s Rainbow Towers Hotel, Tsvangirai said the deal represented an African solution to African problems.

“The truth is that we are facing a crisis, and we will have to work together to resolve it,” Tsvangirai said, adding that the rebuilding of the country had to start immediately.

Zimbabwe’s economy has gradually collapsed over the past decade, and the country now has the world’s highest inflation rate, chronic shortages of foreign currency and food, skyrocketing unemployment and widespread hunger.

“All we can do, and will do, is to work together to establish the environment where every Zimbabwean has the opportunity to contribute to solve the problems we face,” Tsvangirai said.

The deal, mediated by South African President Thabo Mbeki, allows Robert Mugabe to [continue reading]

source: Mmegi

SELEBI-PHIKWE: Financial institutions have been urged to maintain high levels of the security of customers’ deposits and guard against fraud.

Officiating at Barclays Bank’s Eagle Awards in Selebi-Phikwe on Saturday, the Minister of Lands and Housing Nonofo Molefhi said fraud and loss of clients’ money militates against efforts designed to attract new investment that can grow the economy.

Molefhi said electronic crime requires vigilance and strict internal controls to assure clients that their savings are safe and secure. He said the banking industry should continually assess the value of capital allocated for market risk in addition to capital required to credit risk.

“Recent occurrences had to happen so as to create awareness in [continue reading]

source: SW Radio Africa
By Lance Guma
16 September 2008

Even before the ink is dry on the deal signed on Monday by the MDC and ZANU PF, questions are being asked about why the accord says nothing about banned newspapers like the Daily News and The Tribune. Parts of the agreement call on countries said to be ‘hosting and funding’ external radio stations to stop doing so, and urges journalists at the stations to apply for licences to operate in Zimbabwe.

But as former Daily News reporter Sandra Nyaira observed, although it was good to encourage more players in the broadcast sector, ‘the leaders totally ignore the newspaper sector in their agreement.’ She argued that several journalists who had set up successful websites in the diaspora were ready and willing to go back home and contribute to a new vibrant media. “For this new deal to work…we need a media that is independent, that seeks to unite Zimbabweans more than divide and polarise them,” Nyaira wrote.

Another interesting scenario is the UK based The Zimbabwean newspaper run by veteran editor Wilf Mbanga. The paper is printed outside the country and sold within Zimbabwe but the [continue reading]

source: IOL
September 16 2008 at 11:37AM

The president of the International Football Federation (Fifa), Sepp Blatter, gave a thumbs up to South Africa’s preparations for the 2010 World Cup finals when he visited Soccer City on Tuesday.

Blatter, who is in the country on a four-day fact-finding mission was given an inspection tour of the progress at Soccer City which is undergoing a R1,5-billion upgrade.

The venue will host the opening and the final of the 2010 World Cup.

He was welcomed by a group of the 2 500 workers on site, with a rendition of “Shosholoza” and said afterwards he was pleased with what he had seen.

“I am today a happy president. I am impressed by the magnitude of the construction. This will be the centre of the World Cup in 2010. It is like a temple where people can meet. It is more than a symbol for South Africa.”

Blatter met President Thabo Mbeki in Pretoria on his arrival on Sunday night, visited the new Greenpoint Stadium in Cape Town on Monday and will pay a visit to [continue reading]

source: Mmegi
Staff Writer

Complete electronic trading of all shares on the Botswana Stock Exchange is close to fruition following the addition of five more companies on the new Central Securities Depository (CSD) system.

The BSE has announced that as from October 6, Barclays, Imara, Olympia, Furnmart and Sefalana Cash and Carry will be added to the CSD system as the bourse switches from floor trading to automated trading of shares, bringing the total number of counters on the new system to 13.

Apart from MRIB which de-listed from the bourse last week, there are eight companies whose shares can be traded electronically – Standard Chartered Bank, G4S, RPC Data, ABCH, BIHL, FNBB, Sefalana and Turnstar.

There are 30 counters listed on the BSE, 19 of them on the main board. “Investors are, therefore, advised to open [continue reading]