Archive for November 7th, 2009

source: BOPA
05 November, 2009

FRANCISTOWN – As the Botswana Stock Exchange (BSE) continues to grow, so is the accompanying risk emanating from situations whereby people deal illegally in shares, a situation that can undermine investor confidence in terms of the fairness and the integrity of the stock market.

However, the stock exchanges listing and trading manager, Ms Bopelokgale Soko said as an institution that is part of a business whose greatest currency is reputation, the BSE takes this situation, which is called insider trading, very seriously and does act immediately and appropriately to nip any sign of illegality in shares trading in the bud.

As part of the effort to ensure that the public can invest in public companies with confidence, the BSE, with effect from April 2008, established the Code of Corporate Governance for [continue reading]

source: News24
2009/11/06 08:44:00 AM

Cape Town – The Eskom board has the habit of “running amok” in critical moments, Vytjie Mentor, the chairperson of Parliament’s portfolio committee on public enterprises said on Friday.

This was in reaction to reports that Eskom CEO Jacob Maroga had resigned (a report says that Maroga is not officially out of the picture, as he is yet to sign severance papers).

“When it is critical moments like this, the board runs amok with the issues without considering a whole lot of issues,” Mentor said in an interview on SAfm.

She could not confirm whether Maroga had resigned, as Eskom chairman Bobby Godsell announced to [continue reading]

source: Mmegi
05 November, 2009

MOLEPOLOLE – Located at Lephepe in Matsheng region, the disease control gate was a tool to control the movement of livestock products including meat from entering Kweneng region from Central and other districts in the northern part of Botswana.

The districts from which the animal products were barred are such districts as North West and North East to prevent the spread of contagious and deadly diseases such as the Foot and Mouth Disease.

But this is nolonger the case because the gate is not manned and the situation is troubling the people of Lephepe, who live in fear of being attacked by the Foot and Mouth Disease as it was the case between Ngami and Ghanzi districts.

The residents therefore pleaded with the government to [continue reading]

source: BOPA
06 November, 2009

GABORONE – The government has been advised not to commit itself on implementing national development projects that are not priority when the country does not have enough funds to finance such projects.

Minister of Finance and Development Planning, Mr Kenneth Matambo said in an interview that the government should monitor the situation to make sure it does not commit itself.

Mr Matambo said it is necessary to finance projects that are essential and put on hold those that are not a priority adding that there is a tendency within the government of adopting every project proposal into the national development plan.

According to Mr Matambo, it would not be necessary to request ministries to cut down as well as to prioritise their [continue reading]