Archive for August 9th, 2009

source: Mmegi
Staff Writer

The government is debating with itself whether to raise another soft loan with the World Bank after sealing a US$1.5 billion (P10.1 billion) budget support loan with African Development Bank (AfDB).

“We don’t want to end up over-borrowing,” Assistant Minister of Finance, Keletso Rakhudu, said in response to Mmegi at a post-AfDB loan signing ceremony press conference on Tuesday.

The government said last April that it was in discussions with AfDB and the World Bank to raise close to P13 billion soft loans to cover this year’s gaping P13.4 billion budget deficit.

The Minister of Finance, Baledzi Gaolathe, said then that [continue reading]

source: SW Radio Africa
By Alex Bell
06 August 2009

South Africa’s main opposition party on Thursday warned that Robert Mugabe is preparing for war ahead of the next elections, saying the ageing dictator is in discussions with Venezuela, Cuba and Korea over funding a ‘war chest.’

MPs for the Democratic Alliance briefed South African media at Parliament following a fact-finding mission to Zimbabwe last week. The MPs, Wilmot James and Kenneth Mubu said ‘credible sources’ in the country reported that Mugabe was also trying to procure ammunition from South Africa.

“I think there is no doubt Mugabe is preparing for war. We spoke to very, very reliable sources,” Mubu told SW Radio Africa on Thursday. He said these included various human rights groups in Zimbabwe.
The MPs also cited a recent report by a Belgian research group, the International Peace Information Service, which last month detailed numerous arms shipments that had already arrived in Zimbabwe. The report said that on August 21, 2008, the first of many arms shipments, containing 32 tons of ammunition was flown from the Democratic Republic of Congo to Harare. It also reported that [continue reading]

source: Mmegi

PALAPYE: Joseph ‘Bashi’ Gampone, a well-known businessman from Serowe has thrown his weight behind the Botswana Congress Party (BCP).

The businessman owns Jago Investments , a successful micro-lending company. Recently, he was the guest speaker at the launch of Dineo Tumotumo, the BCP council aspirant for Lotsane ward. Upon arrival at the rally party bigwigs James Olesitse, Maina Kgopo and Comfort Molosiwa accorded the flamboyant Gampone a royal welcome as he alighted from his Range Rover.

Though it was his political debut, Gampone spoke like a seasoned politician. He took a swipe at [continue reading]

source: IOL
Maureen Marud
August 06 2009 at 11:04AM

Cellphone subscribers are responding in their droves to the new law requiring them to register their SIM cards, according to the three cellular networks.

Although Cell C, Vodacom and MTN could not say how many of the estimated 30 million SIM cards in use had been registered since the Regulation of Interception of Communications and Provision of Communication-related Information Act took effect on July 1, each described the number as “significant”.

All pre-paid and contract subscribers must register before the deadline at the end of 2010.

Under the new law, no new SIM card bought will be activated before the owner has [continue reading]