Archive for November 5th, 2008

source: Mmegi
WANETSHA MOSINYI
Staff Writer

Owing to the successful implementation of Plot 21 by the first Public-Private Partnership (PPP) initiative, Government is now considering using the procurement model in four major infrastructure developments.

The CEO of Bifm, Victor Senye ,says the Office of the President has informed the private sector that it is considering the PPP model for the construction of envisaged Trans-Kgalagadi Railway, the Kazungula Bridge, the Walvis Bay port and the second university.

“We would like to believe that there’ll be room for other projects to be procured in this manner,” Senye says.Bifm was the leading partner in a PPP consortium that delivered Plot 21 on time and on budget.

It handed the building – which already houses the Office of the Ombudsman and the [continue reading]

source: Catholic News Service
By Catholic News Service

VATICAN CITY (CNS) — The Vatican and Botswana established full diplomatic relations Nov. 4, raising to 177 the number of countries that exchange ambassadors with the Vatican.

A Vatican statement said that although just over 5 percent of Botswana’s 1.6 million people are Catholic, good relations exist between the government and the Catholic Church.

“The church is particularly involved in assistance to the sick and orphans, in the prevention of disease and in opening new schools,” the statement said.

Botswana enjoys a stable, multiparty democracy, but a [continue reading]

source: IOL
November 04 2008 at 01:50PM

New vehicle sales for the month of October declined, the National Association of Automobile Manufacturers of South Africa (Naamsa) said on Tuesday.

Sales in all segments registered substantial falls compared to October 2007, Naamsa said.

“Despite the fact that October normally represented a seasonally reasonably strong month, growth in all sectors of the industry deteriorated significantly,” said Naamsa.

According to the association, new vehicle sales declined by 30,1 percent to 38,143 units in October compared to the same month in 2007.

If the data of Associated Motor Holdings (it was recently added to the survey) was taken into account, total sales declined to 41 336 vehicles in October from 60 096 in 2007.

According to the association the drop could be attributed to higher than average new vehicle price increases in recent months particularly with the extra ordinary loss of confidence in [continue reading]

source: Mmegi
MONKAGEDI GAOTLHOBOGWE
Staff Writer

Halaal, the method of killing animals under religious oversight, which makes food fit for consumption by Muslims, will no longer be a prerequisite for access to the lucrative meat market.

According to President Ian Khama’s address yesterday, government is drafting a bill that provides for meat slaughtered outside of the Muslim method to be available to consumers.

This will come as a relief to local meat producers, who complained that stringent halaal requirements were a major stumbling block to accessing the meat market, especially the big chain stores. According to the current practice, all meat sold in the mainstream meat market is halaal.

Khama said he has instructed the Attorney General to draft a bill that will change this and allow for non-halaal meat to be [continue reading]

source: allAfrica
UN Integrated Regional Information Networks
4 November 2008
Bulawayo

Takunda Moyo, 35, seems the epitome of a successful business person: he drives a sleek car, wears designer label clothes, and is never short of a dollar or two. He is part of a new class of entrepreneur – the illegal foreign exchange hustler.

As one of the front men for the cartel that runs the business in Bulawayo, Zimbabwe’s second city, Moyo is several rungs up the ladder from the people who stand on the pavements all day.

His job is to supply them with daily cash floats and communicate new currency rates to thousands of individual dealers in the city. “The foreign currency exchange business is a complex web, and all [continue reading]

Stanbic Bank Botswana has set up an investment savings account for children permanently housed and under the care of the Tlokweng SOS Children’s village to be utilised by the children upon their graduation from the village, as life start up funds.

The bank shall deposit P50, 000 per annum into the account, which shall bear interest in terms of normal bank rates for similar accounts. Each child shall be entitled to a life start up amount of P5, 000.00 or such other amount as may be subsequently determined by the bank and SOS. The amount will also be free of any bank charges.

The Fund was established last week and an agreement was signed between the SOS and the bank’s management. In a statement the SOS director, Derek James said, ” We are very delighted by [continue reading]

source: Mmegi
WANETSHA MOSINYI
Staff Writer

Emerging diamond producer DiamonEx Limited has received disappointing results for its first sale of 10,613 carats of diamonds from its Lerala Diamond Mine.

The BSE-listed company achieved an average price of US$20 per carat for the whole run of the mine parcel, the company says in its quarterly report released on October 31.

This is much less than the preliminary valuation of the parcel and DiamonEx attributes this to the current difficult market conditions.

WWW International Diamond Consultants, the company’s sales agent and advisor, reported that the value achieved for the first tender of Lerala production was “deeply disappointing” but not surprising in the context of the current market crunch.

Trading in rough diamonds has effectively grounded to a halt as general economic uncertainties, particularly liquidity [continue reading]

source: BBC News

Regional leaders will hold a summit on Sunday in the latest effort to break the political deadlock in Zimbabwe, officials have said.

Leaders from the Southern African Development Community (Sadc) are due to meet in neighbouring South Africa.

Zimbabwean President Robert Mugabe and opposition leader Morgan Tsvangirai signed a deal to share power in September, after disputed elections.

But the deal has stalled over the allocation of ministries.

Mr Tsvangirai’s Movement for Democratic Change says President Mugabe and his [continue reading]

source: allAfrica
Business Day (Johannesburg)
4 November 2008
Sibongakonke Shoba
Johannesburg

THE new party led by Mbhazima Shilowa and Mosiuoa Lekota might have to settle for its popular nickname — Shikota party — after it was found that the preferred name was already taken.

Breakaway leaders decided to call themselves the South African Democratic Congress after the African National Congress (ANC) legally challenged their first choice names, on the grounds of trademark clashes.

To avoid the legal battle, the party chose the name South African Democratic Congress, only to find it already registered with the Independent Electoral Commission by Ziba Jiyane’s party, which broke away from the National Democratic Convention.

Party secretary-general Samuel Kennedy said: “There is only one South African Democratic Congress under the leadership of Ziba Jiyane.” It was prepared to [continue reading]

source: Mmegi

The President, Ian Khama yesterday presented his vision in his first State of the Nation Address. Staff writers TSHIRELETSO MOTLOGELWA and MONKAGEDI GAOTLHOBOGWE sample the highlights

Sports incentives and improved healthcare, land ownership for youth and low-income earners Khama recognises the desperate desire for house ownership by the youth and people at the lower end of the social scale.

In this regard, he implicitly notes the inability of market forces to assist those most in need, as exemplified by banks and their unwillingness, until recently, to give these two groups access to credit for building houses.

” We are also in the process of devising strategies for provision of accommodation for [continue reading]