Archive for August 1st, 2009

source: Mmegi
STAFF WRITER

Stanbic Bank Botswana’s Head of Corporate Banking, Jessica Gadimang, has been appointed the new Non-Bank Financial Institutions Sector Head for Stanbic Africa concentrating on franchises outside South Africa from July 1 this year, the bank has announced.

According to a statement, the move is in line with Stanbic Bank’s active involvement in spearheading a culture of skills development. “Stanbic Bank, in line with (the) Standard Bank Group, has a philosophy to identify talent in any of the 17 franchises,” says the statement, quoting Stanbic Bank Botswana MD, Leina Gabaraane.

“Outstanding individuals are provided an opportunity for further career advancement. Jessica meets the [continue reading]

source: allAfrica
Business Day (Johannesburg)
Amy Musgrave
30 July 2009

Johannesburg — PRESIDENT Jacob Zuma says that striking municipal workers who have destroyed property and littered the streets should be arrested.

More than 30 municipal employees have been arrested for public violence since they downed tools on Monday. Although trade unions have said they do not condone this action, they do understand it and yesterday dismissed criticism of the street trashing as “class-based responses”. Zuma told reporters in Pretoria after a Cabinet meeting yesterday that arrests should be made.

“I think those people should be arrested for interfering with the rights of ordinary citizens. While they have the right to protest, they don’t have the right to interfere with the rights of other citizens,” he said.

The South African Municipal Workers Union (Samwu) and the Independent Municipal and Allied Trade Union (Imatu) were behind closed doors last night deciding whether to end the strike which has [continue reading]

source: The Botswana Gazette
Written by JFG
Friday, 31 July 2009 00:00

Perhaps Ian Khama’s presidency serves as a wake-up call to the nation to realise how much power has been vested solely in the President (both at party and government). His management style both in government and party will definitely shake the nation from slumber and see the repercussions of a constitution that gives one person the leeway to act as he pleases. If we were to blame Khama for any of his actions, the first port of call should be at our constitution, for everything that he is currently doing is prescribed in our laws, which in turn were penned to serve as his manual.

Of course since he came on board he got some laws panel-beaten to suit his taste but some laws have always been there even during the times of his predecessors. The only difference is that they never applied them. Section 47 (2) of the Constitution, which talks of the Functions of President, is the worst piece of legislation ever in the land for it says: “In the exercise of any function conferred upon him by this Constitution or any other law the President shall, unless it is otherwise provided, act in his own deliberate judgment and shall not be obliged to follow the advice tendered by any other person or authority”.

Forget about the part that says unless it is otherwise provided because in [continue reading]

source: Mmegi
ISAIAH MOREWAGAE
Staff Writer

When the Zimbabwean multiple murder accused, Gerald Jerry Dube, appealed his four death sentences to the Court of Appeal, many believed it was an attempt to prolong his date with the hangman.

Yesterday a panel of three judges confirmed that belief when they upheld the Francistown High Court’s ruling, which found Dube guilty on all four counts of murder, and sent him to the gallows.

Dube murdered Francistown-based Zimbabwean lawyer and his cousin Patricia Majoko, 37, her two children, Dumisani and Amotjilani (then seven and five old respectively and her maid Lindiwe Ncube, 40, at their home in Francistown in September 2001.

Justice Moses Chinhengo convicted Dube on four counts of murder and, having found no [continue reading]

source: allAfrica
BuaNews (Tshwane)
29 July 2009

Pretoria — The Consumer Price Index (CPI), used to measure inflation, dropped to 6.9 percent in June compared to 8 percent in May, reported Statistics South Africa (Stats SA) on Wednesday.

The June figure was lower than economists expected. However, inflation remains above the SA Reserve Bank’s (SARB) target range of three percent to six percent.

Nedbank in its commentary on the CPI described the June figure as encouraging. However, added that the SARB might not cut rates as soon as August.

“August may be too soon and although we’re saying that there’ll be two more rate cuts of 50 basis points each, these may come around September and November,” said Dennis Dykes, chief economist at [continue reading]