Archive for October 25th, 2008

source: Jeweler Network
October 24, 2008

Carlsbad, Calif.—The Gemological Institute of America (GIA) plans to open a laboratory in Gaborone, Botswana, sometime in the fourth quarter, National Jeweler has learned.

Following the lab’s opening at the end of the year, the GIA plans to have educational classes up and running at the lab in the first quarter of 2009.

Located in South Africa, Botswana was the world’s top diamond-producing country in 2007 in terms of value, with about $3 billion in diamond production, 24 percent of the world’s total, according to the Kimberley Process Statistical Data Base.

And Botswana ranked second in the world in terms of diamond volume produced, with 33,638,000 carats or 20 percent of world’s total, a volume that places it second only to the Russian Federation.

Botswana is known worldwide for [continue reading]

source: BOPA
23 October, 2008

LETLHAKANE – Orapa Letlhakane Mines (OLM) retirees have been called upon to explore business opportunities that could assist in economic diversification and employment creation.

Speaking during the retirees function in Orapa, the former president, Mr Festus Mogae, said people such as the retirees were implored to actively participate in the development of the private sector as investors.

He said it was through the private sector that the dream of economic diversification could be realised.

Mr Mogae said the retirees should not fade in to oblivion but should use the knowledge, skills and experience they had acquired during their productive years with Debswana to the development of their communities.

He added that they should volunteer their services to the village development committees and [continue reading]

source: Mmegi

SELEBI-PHIKWE: Small stock farmers might be pushed out of business if the government does not intervene and gazette producer prices, one Selebi-Phikwe farmer has warned.

Molefi Pilane, who runs a piggery west of Selebi-Phikwe, argues that small stock farmers are getting a raw deal from buyers who pay them ludicrously low prices.

He blames the government for focusing on the cattle industry at the expense of small stock farmers. Pilane said he is forced to sell his pork at P13 per kilogramme while retailers sell at around P40 per kilogramme.

He said butchery owners do not buy small stock based on live weight as is the case with cattle.

“I believe live weight should be used. Butchery owners cut off the head and the hooves, which reduce the weight, but they still retain these parts and sell them to the consumer. This is not [continue reading]

source: allAfrica
Zimbabwe Independent (Harare)
24 October 2008

OPPOSITION party leaders and diplomats have described the power-sharing agreement signed on September 15 as a “forgery” after it was discovered the document was an altered version of the original one agreed to on September 11.

The issue has brought into question circumstances surrounding the deal which has caused anger and infighting in Zanu PF and the MDC. The parties are divided over the deal and have of late been battling to seal widening cracks.

The September 15 document that was signed at the Rainbow Towers Hotel in Harare by President Robert Mugabe, Prime Minister-designate Morgan Tsvangirai, and deputy prime minister-designate Arthur Mutambara with facilitator former South African President Thabo Mbeki, contains crucial omissions.

Sources said the main MDC faction’s chief negotiator Tendai Biti has written to Mbeki about the [continue reading]

source: allAfrica
Business Day (Johannesburg)
24 October 2008

IT’S as much the speed at which the rand exchange rate has been moving up and down as the R11-to-the-dollar plus levels it has been hitting that creates that feeling of hysteria.

But in the midst of what Merrill Lynch has called a currency crisis, it’s worth remembering that we have been here before, and more than once. There were the two emerging-market currency crises in the late 1990s, when the rand tanked. Then there was the 2001 crash, in which the rand sank to nearly R14 to the dollar.

A big difference between the 1996 and 1998 crises, and that of 2001, was that in each of the first two, SA wasted more than $20bn trying desperately, and in vain, to prop up its currency.

It took years to undo the damage to SA’s balance sheet. By 2001, we’d learned to sit tight and [continue reading]

source: BOPA
23 October, 2008

SEROWE – The P305 million project to connect Serowe to the North/South Carrier (NSC) started on Monday.

The Minister of Minerals, Energy and Water Resources, Mr Ponatshego Kedikilwe, has performed the ground-breaking ceremony to mark the start of the project.

The ceremony took place at the site where twin concrete reservoirs with a total capacity of 12 500 cubic meters would be constructed to hold water from the North/South Water Carrier.

Mr Kedikilwe explained that the Serowe pipeline would be connected to the NSC via the Palapye water treatment works.

He said the project was also intended to supply Paje, Morogorosi, Mabeleapodi and other surrounding villages with water.

The minister said the water demand for Serowe was 6 889 cubic meters per day but the supply stood at 4749 cubic meters per day — a short fall of 2 140 cubic meters a [continue reading]

source: Mmegi
Staff Writer

The new arable farming scheme geared towards improving food production in the country also threatens to take away individual ownership of ploughing fields from farmers.

It promotes cluster fencing of fields, and collective ownership of the new scheme, according to the implementation guidelines for the scheme.

In its implementation paper for the scheme, the Ministry of Agriculture says the provision of fencing will be modelled around enclosed drift fence concept to exclude animals from the arable fields. The concept is inspired by the Pandamatenga farms project, under which farmers also share the costs.

According to the implementation guidelines for the scheme, known as [continue reading]

source: allAfrica
Zimbabwe Independent (Harare)
24 October 2008
Dumisani Muleya and Constantine Chimakure

PRIME Minister-designate Morgan Tsvangirai has slammed President Robert Mugabe and Zanu PF for negotiating in bad faith over the allocation of government ministries and other aspects of the power-sharing agreement.

Tsvangirai’s assault on Mugabe came just days before the resumption on Monday of talks on the distribution of ministries which have been dragging on for about a month.

The attack reveals renewed tensions between the two bitter political rivals. The move is also part of [continue reading]