Archive for July 3rd, 2009

source: Mmegi
Staff Writer

Botswana’s trade deficit has started to ease-off as diamond sales pick-up on the back of renewed hopes of an economic recovery.

The Central Statistics Office has reported that for the first time since October 2008, Botswana recorded a trade deficit of less than P1 billion in April. The April figure stands at P204.3 million. Total exports were valued at P2 billion during April 2009, having increased by 26.9 percent from P1.5 billion recorded in March.

The increase in total exports were largely attributed to higher diamond sales of P1.5 billion from P823.4 million in March as confidence starts to come back to the market that has been ravished by the global economic recession.

Botswana registered a P2.6 billion trade deficit in 2008 as [continue reading]

source: Fin24
2009/07/02 01:45:00 PM

Johannesburg – A summit on the rising costs of fuel will be held by Energy Minister Dipuo Peters, her department said on Thursday.

“She will call a summit of all stakeholders to discuss the rising prices of all fuel – not only petrol,” said spokesperson Bheki Khumalo.

Subsidising the price of some fuels was not on the cards.

“I can rule out any subsidies.”

Any discussion on a change in the government’s current formula of petrol price determination would include the country’s unions.

“And the summit won’t only be [continue reading]

source: The Botswana Gazette
Written by JFG
Friday, 03 July 2009 00:00

MAUN: Maun Choppies supermarket manager, Unni Bhaskaran, has to wait until July 10 to know his fate in a case in which he is facing charges of uttering disrespectful statements about President Seretse Khama Ian Khama.

Maun chief magistrate Clifford Foroma on Monday delayed delivering judgement in this case as Bhaskaran’s defence team asked for time to be availed and respond to the prosecutor’s submissions.

Bhaskaran was expecting to hear his judgement in a case in which he is tried for allegedly uttering disrespectful words to Elizabeth Anderson, a former employee of the Choppies supermarket that “she should go and ask permission to go to the toilet from Ian”, the words were said to have been intended to mock the President of Botswana.

During the trial Anderson told the court that some time April last year she asked his manager (Bhaskaran) for permission to go to the toilet but was told by the manager to ask permission from ‘Ian’.
She also told the court that previously in the same month she had also asked for [continue reading]

source: IOL
July 01 2009 at 05:09PM

Finance Minister Pravin Gordhan on Wednesday indicated government would not reduce spending because of the recession, but increase borrowings instead.

“After holding up reasonably well in the past year, our revenue collection has deteriorated in the first three months of this fiscal year,” he told the National Assembly during debate on his budget vote.

“At the moment, we are about R19-billion below our benchmark target for revenue.

“If the present trend continues, we could be as much as R50 to R60-billion below our target by the end of the year.

“Assuming that spending stays as budgeted, our deficit will be higher than we estimated in [continue reading]

source: Mmegi

Botswana has the lowest civil aviation charges in the region because it has not reviewed the levies for over a decade, senior aviation officials have said.

The chief executive officer of Civil Aviation Authority of Botswana (CAAB) Meshesha Belayneh and the finance director, Patrinah Masalela told a consultation meeting with stakeholders in Maun recently that they have decided to review charges to bring them to international levels.

“The fact of the matter is that in Botswana, some civil aviation regulatory charges have not been reviewed for over 10 years,” Belayneh said.

He explained that the reasons for the delay are many though the government and stakeholders have [continue reading]