Archive for November 21st, 2009

source: The Botswana Gazette
Written by EDITOR
Friday, 20 November 2009 00:00

Production would restart if conditions became favourable

Around 5 000 workers employed by Caratex Botswana, a textile company, will lose their jobs when it closes for good in December.

Mr. Craig Chow, Managing Director of Caratex Botswana, said last week in an interview that the company was set to close its factories as conditions have become difficult to continue production. Chow said the last workday will be 10th December 2009.“The recession has hit the industry very hard and competition is now very strong and buyers are becoming realistic and opting for cheaper goods.” Chow lamented the delay in setting up a new incentive scheme to enable them to compete with international manufacturing giants such as China and India. He said their exports are not able to compete with Chinese and Indian manufacturers because these countries have better efficiencies. “China offers a 17 percent rebate for [continue reading]

source: Mmegi
Staff Writer

Government has been forced to cut the P243 million budget for the 2011 Population and Housing Census to P175 million because of the global economic downturn.

Launching the census yesterday, Minister of Finance, Kenneth Matambo said that the Central Statistics Office (CSO) will do everything in its power, despite the limited resources to make the exercise a success.

The economic recession has affected every government department including development projects. He said that Botswana has successfully carried out census every 10 years since independence in 1972, 1981, 1991 and 2001 and they all conformed with international standards. “The 2011 census will give us an opportunity to reflect and [continue reading]

source: Fin24
Nov 19 2009 17:21

Johannesburg – South Africa’s internet broadband penetration is at two percent, far below the global average of 22.5%, Communications Minister Siphiwe Nyanda said on Thursday.

“The statistics put the global rate of average penetration for broadband at a mere 22 and half percent, with South Africa only accounting for just over one million broadband connections which translate to a penetration rate of only two percent,” he said.

“We have not been able to meet the objective of ensuring that as many people as possible have access to what is undoubtedly rapidly becoming a basic tool, the internet,” Nyanda said in a speech prepared for [continue reading]