Archive for November 24th, 2009

source: Mmegi
Thato Moseki
Correspondent

The Botswana Power Corporation (BPC) has begun installing smart meters in Gaborone in the latest initiative to steady the country’s energy supply-demand imbalance. The gadgets are capable of remotely switching off customers’ geysers and electricity supply.

When fully rolled-out, the corporation experts believe the smart meters could save the national grid 40 Megawatts (MW). This is a considerable saving given that presently the country’s sole power producer pumps out about 130 MW of energy.

Recently, BPC began installing smart meters in Gaborone Block 7, under the newly launched Hot Water Load Control (HWLC) Project. The main objective of the project is to manage customers’ hot water loads (geysers) as a way of controlling demand especially during the two daily peak periods. The HLWC consists of a central system at [continue reading]

source: Fin24
Nov 23 2009 15:40

Johannesburg – South African fixed-line phone company Telkom reported close to a 40% fall in first-half profit on Monday as both its domestic and Nigerian units struggled, sending its shares tumbling.

Telkom, Africa’s biggest fixed-line operator, said on Monday headline earnings per share fell 37.9% to 242.2 cents in the six months to end-September, in line with forecast range of a 45%-55% fall.

Shares in the company dropped more than 5% shortly after the results, but had pared losses to 1.52%, by 12:44 GMT to R39.

The company said both its South African and Nigerian units were under pressure, with the former hit by higher operating costs and [continue reading]

source: Mmegi
Lekopanye Mooketsi
Correspondent

The local property market has not been hit by the world economic recession. This is according to the newly elected president of the Real Estate Institute of Botswana (REIB), Outule Bale.

Speaking in a wide ranging interview, Bale said when the market is in a recession, there would be a lot of vacant properties. “You wont have rental growth. Prices would drop dramatically,” he said.

Bale said they do not have any empty properties. “I would not say the impact has been huge. We have not really seen much of that as it is still difficult to get a house or an office around here,” he said.

The demand has always been outstripping the [continue reading]

source: SouthAfrica.info
24 November 2009

French engineering firm Alstom has won a contract worth over €100-million (about R1.1-billion) from state power company Eskom to provide the instrumentation and control system for the Medupi power plant currently under construction near Lephalale in the Limpopo province.

The plant will be the largest dry-cooled coal fired power plant in the world, and have a total output of almost 4 800 megawatts, powered by six 790 megawatt Alstom turbines and generators.

“The award of this contract confirms Eskom’s confidence in Alstom and recognises the quality and performance of Alstom’s automation offering,” said Alstom Power president Philippe Joubert in a statement this week.

Eskom has launched a massive infrastructure investment programme to double the country’s electricity sector in the decade to come and the new power plant will provide a significant increase in [continue reading]

source: Mmegi
Ephraim Keoreng
Staff Writer

Next August Botswana will sign a treaty to formalise the establishment of the Trans-frontier Conservation Area (TFCA) in Namibia.

Botswana will be joining the four states of Namibia, Zambia, Angola and Zimbabwe to formalise the establishment of the TFCA, whose objectives include fostering trans-national collaboration and cooperation among the states in implementing ecosystems and cultural resource management through the [continue reading]

source: BOPA
24 November, 2009

FRANCISTOWN – Minister for Defence, Justice and Security, Mr Dikgakgamatso Seretse, has called on Botswana Prisons and Rehabilitation Services officials in the northern region to refrain from activities that could defeat justice.

Addressing senior officials from all the prisons in the northern region last week, Minister Seretse said the frequency at which prisoners escaped from custody was a cause of concern. He attributed the escapes to officers laxity saying he did not understand how prisoners manage to take weapons, cell phones and other prohibited means of communication into the prisons, it means you pretend not to see what is happening.

He lashed out at the officers saying he will not tolerate the behaviour adding that it also compromised the security of officers.

If you allow cell phones and other prohibited means of communication, then you are sitting on a time bomb because crime syndicates will start to breed in the prisons, said the [continue reading]

source: allAfrica
Business Day (Johannesburg)
Hopewell Radebe
24 November 2009

Johannesburg — AFRICAN states are not devising a clear developmental strategy for regional economic communities, leading to international partners thinking the continent does not have a common approach and a vision for growth, says Egyptian ambassador to SA Mohamed Zayed.

Addressing a conference on China-Africa trade and sustainable development at the Gordon Institute of Business Science in Johannesburg yesterday, Zayed bemoaned the continent’s inability to agree on a common developmental strategy that could direct and build on China’s partnership.

“We keep establishing partnerships and joining various economic and political forums but there is no clear vision or goals why and what we want to achieve from each of them.” He said the fact that people still had to travel to Europe to get a connecting flight back to a [continue reading]