Archive for November 6th, 2008

source: Standay Standard
05.11.2008 9:45:14 P

Political commentators in Botswana say that it was time Zimbabweans were given another chance to choose a party and leader who would govern them and forget about the “government of national unity” (GNU) as it is now clear that there will never be an agreement on the sticky point of which ministries go to which party.

University of Botswana Political Science lecturer, DR David Sebudubudu, says that it should be clear to everybody by now that the envisaged power sharing would just not work and that the Zimbabweans should simply go to the polls again.

”I think the only way out of this deadlock is for the Zimbabweans to be helped to vote again as it is now very clear that the deal signed on September 15 will not work,” he said.

Sebudubudu said the main reason the deal will not work is that there is a lot of mistrust between the [continue reading]


source: News24
05/11/2008 21:34 – (SA)

Johannesburg – Jacob Zuma, the head of South Africa’s ruling party, called on Wednesday on a 15-nation regional bloc to pressure Zimbabwe’s rival leaders to clinch a deal on a unity government this weekend.

“I think SADC must put its pressure more strongly to these colleagues because what happens in Zimbabwe has effect on the region,” African National Congress (ANC) president Zuma said in an interview on public radio.

“I think the region should say to the Zimbabwe leaders that enough is enough. You must resolve this matter, you can’t leave South Africa without resolving this matter. That is what I am expecting.”

South Africa is to host an extraordinary summit of the Southern African Development Community (SADC) on Sunday in an effort to break the deadlock over the [continue reading]

source: Mmegi

Only 10 government offices and 11 parastatals have offered space to 64 informal small scale food vendors, whilst 17 government offices and 10 parastatals have not been able to do so, Assistant Minister of Trade and Industry Duke Lefhoko told Parliament yesterday.

Their reasons are that they had already rented out their cafeteria to private business operators; lack of space within their offices; and occupying rented accommodation for which lease agreements do not permit activities such as accommodating third parties.

Lefhoko was responding to Gaborone Central Member of Parliament (MP) Dumelang Saleshando’s request for an update on the implementation of the Presidential Directive that instructed government offices, parastatal offices and companies in which government has a stake to avail space for small-scale food vendors.

Lefohoko said: “It is not possible to calculate the number of [continue reading]

source: Standay Standard
05.11.2008 10:02:20 P

When the Central Statistics Office (CSO) releases its Consumer Price Index (CPI) figures for the month of October on November 14, the numbers are likely to show a falling rate of inflation, market watchers have pointed out.

Botswana’s inflation has been going up since the beginning of the year at the back of surging oil prices that have battered the global economy. With Botswana being a victim of imported inflation, the country’s figures were second only to the hyper Zimbabwe inflation in the whole SADC region.
Gaotlhobogwe Motlaleng, a macroeconomics lecturer at the University of Botswana, says when oil, which is a major input cost goes down, “we expect prices to go down”.
“If the price of oil is decreasing, we are expecting inflation to go down. It (oil) is a major input cost on all the industries,” he noted.

During the height of the oil crisis, crude prices for a barrel touched a [continue reading]

source: allAfrica
Business Day (Johannesburg)
5 November 2008
Julius Baumann

ENVIRONMENTAL Affairs and Tourism Minister Marthinus van Schalkwyk said yesterday he would facilitate talks between South African Tourism and Match, the Fifa-appointed booking agency for 2010, in order to resolve issues relating to the uptake of accommodation by Match for the tournament.

This follows SA Tourism CEO Moeketsi Mosola’s announcement this week that the tourism agency had resigned from Match’s advisory board in protest against its alleged attempts to strong-arm smaller establishments into signing up their 2010 inventory on less than favourable terms.

Mosola said that there had been numerous complaints from the hospitality sector about Match pressuring the industry to drop their rates.

Match said yesterday that Mosola’s announcement at [continue reading]

source: IOL
Lyse Comins
November 05 2008 at 08:12AM

Property prices have continued to fall in a depressed local market, with many lower-income owners selling their homes because of financial strain, a scenario economists expect to worsen before turning closer to 2010.

Economists say that lowered inflation pressure could mean we are at the peak of the interest rate cycle and can expect interest rate cuts in April next year, followed by an upward swing in the property market.

However, the effects of the global economic crisis mean debt risk has shifted to the economic slowdown, and banks’ cautious lending practices will remain for some time.

FNB’s house price index released yesterday revealed a real (ie adjusted for inflation) year-on-year decline of 9,6 percent. The average house price is now R743 517.

FNB property strategist John Loos said: “The lower-priced freehold two-bedroom and less sub-segment appears to be the weakest area of [continue reading]

source: Standay Standard
by Sunday Standard Reporter
05.11.2008 10:03:28 P

Botswana is cautiously optimistic about the on going Economic Partnership Agreements (EPAs) that are being negotiated between the European Union and the Southern African Development Community, despite some snags.

Junior Minister in the ministry of trade, Duke Lefhoko, told a press briefing recently that the talks are currently experiencing some setbacks but added that they are still hopeful that they will reach a successful conclusion.

EPAs are a duty free and quota free set of economic arrangement between the EU and a 78 member states of African, Caribbean and Pacific countries aimed at fishing out the latter from a circle of under-development and poverty.

Further, the arrangement, which is World Trade Organisation compatible, seeks to deepen trade relations between the [continue reading]