Archive for May 13th, 2009

source: Mmegi
Staff Writer

The deputy permanent secretary in the Ministry of Education, Golekanye Setume, says while the government has agreed to sponsor students in private tertiary institutions, the government needs to assess the absorption capacity of institutions, before students may be placed in them.

Speaking in an interview yesterday, Setume said this is to avoid over-subscription of students in institutions, which might be battling to accommodate their existing students already.

The Tertiary Education Council (TEC), which is responsible for quality assurance, will today embark on a verification of the absorption capacity of private tertiary institutions.

“This exercise is going to be done in all the institutions that are registered with TEC and were expecting students this year,” Setume said. “After this exercise, that is expected to be completed on Friday this week, we will know [continue reading]

Engineering News
By: Reuters
12th May 2009

Standard Bank and Industrial and Commercial Bank of China (ICBC) will finance the expansion of a coal power station in Botswana for $825-million over 20 years, Standard Bank said on Tuesday.

Standard Bank, which is 20 percent owned by ICBC, said the firms would also provide a $140-million bridge finance facility for Morupule B Power Station in eastern Botswana.

The deal is the first major transaction between Standard Bank and ICBC, and was backed by a guarantee from Botswana’s ministry of finance.

“There is little doubt that had it not been for our strategic partnership with ICBC, we would not have been able to undertake the funding of a project of this scale,” Standard Bank Chief Executive Jacko Maree said in a statement.

“Our partnership with ICBC has opened a unique financial services gateway between Africa and [continue reading]

The time is now

source: Mmegi

It is important to highlight these events as they were geared to underscore the centrality of freedom of expression in the life of our democracy.
Perhaps more than ever before the event brought together journalists, media workers and other champions of the right to freedom of expression across the civil service. Many came because they felt what they had always taken for granted is now under serious threat. Others came so that they could help plant the seed of activism against this new wave of repression that is emerging in our beloved country.
The marches and the many speeches that were delivered from the Press Conference up to the final day on Saturday was that people are overly concerned about the repressive law that is the Media Practitioners Act. Most said this law is unjust and it calls to be challenged not only from the court of law but through many other avenues including civil disobedience.

All the political parties and other civil society movements that attended the march declared that this law presents an opportunity for [continue reading]

12 May 2009

South African President Jacob Zuma’s new Cabinet appointments, along with a restructuring of government departments and the creation of a National Planning Commission to co-ordinate their work, have won widespread praise from business – and a wait-and-see response from international rating agencies.

The markets have been reassured by the retention of former Finance Minister Trevor Manuel, whose moves into the Presidency as minister in charge of the new National Planning Commission has been taken by many as a promotion.

Investors will also take comfort from the appointment of Pravin Gordhan as Manuel’s successor in the National Treasury. Gordhan became commissioner of the South African Revenue Service in 1999, and has been widely credited with the institution’s turnaround since then, raising state revenue well beyond targets and [continue reading]

source: Mmegi
Staff Writer

DURBAN: A Makgadikgadi-based tourist operator Jack’s Camp on Friday scooped four awards including the Best Safari Camp in Africa at the ongoing South Africa Tourism Indaba held in Durban.

Jack’s Camp, which is a subsidiary of Uncharted Africa Safari was also voted by other tourism operators as the Best Safari in Southern Africa, Best Safari Guiding Team, and retained the Best Ecological Safari Camp award it won last year. “We’re absolutely delighted we won all these awards,” Uncharted Africa MD Catherine Raphaely said in an interview on Saturday at the Chief Albert Lithuli International Convention. “We didn’t expect it but being voted Best Safari In Africa, literary means we are the best in the world.”

“It was outstanding and more meaningful because we were voted by other tour operators,” Uncharted Africa Safari operates mobile safari expeditions and [continue reading]

source: SW Radio Africa
By Lance Guma
12 May 2009

Prime Minister Morgan Tsvangirai met British Junior Foreign Minister Mark Malloch-Brown in South Africa, on the sidelines of the inauguration of Jacob Zuma as President. This is the second high level meeting between the two countries within weeks, after almost a decade of frosty relations.
An ice-breaking trip a few weeks ago saw Finance Minister Tendai Biti travel to London where he met Malloch-Brown and British Foreign Secretary David Miliband.

Over the weekend the same courtesy was extended to Foreign Affairs Minister Simbarashe Mumbengegwi, who had a separate meeting with Malloch-Brown in South Africa. The ZANU PF minister is one of many officials still under targeted travel and financial sanctions by mainly western countries.
Malloch-Brown is quoted as saying the talks were frank and fruitful with both sides pledging to maintain close dialogue.
The state owned Herald newspaper went as far as [continue reading]

source: Mmegi
Staff Writer

Following the rejection of an inferior offer by Natasa Mining, African Copper (ACU) has entered into a binding agreement with Zambian Copper International (ZCI) which should see the Botswana Stock Exchange-listed company receive a major cash injection of as much as US$22.5 million.

African Copper, which fell a victim to the commodity price crash and went into care and maintenance early this year, has been the target of a hotly disputed takeover bid by Natasa Mining and Zambia Copper.

However, at an extraordinary general meeting held Thursday last week, African Copper shareholders threw out Natasa’s offer, leaving the door open for the Zambia Copper’s offer.Hardly three days after declining Natasa’s offer, ZC announced in a statement that they had entered into binding agreements pursuant to which they had agreed to provide ACU with a comprehensive financing package of approximately US$22.5 million.

The statement said the financing package included [continue reading]

Siboniso Ntuli
12 May 2009

South African Tourism has launched the first Tourism Satellite Account, a tool used to measure growth and job creation in the tourism industry.
Unveiled at the Tourism Indaba, the account is a United Nations World Tourism Organisation-approved methodology used for measuring and tracking the overall value and contribution of tourism to all sectors of the economy.
It has always been difficult to measure and track tourism’s contribution to the larger economy and total job creation in South Africa until now.

“Although we have good and accurate research around tourism specifically, there has until now, been a statistics void around the peripheral industries especially, and the extent to which they profit from tourism,” explained Environmental Affairs deputy director general Sindiswa Nhlumayo at the exhibition in Durban this week.

Contribution to economy
Besides tracking the number of tourism jobs created and [continue reading]