Archive for January 8th, 2010

source: Mmegi
Staff Writer

As the economic climate begins to warm up, the country’s business confidence is significantly higher in 2010 as both domestic and international conditions improve, a central bank survey reveals.

In a summary report of the Business Expectations Survey(BES) conducted by the Bank of Botswana between September and November 2009 business confidence went up to 47 percent and this will be maintained in the first half of 2010.

“There appears to have been a significant upturn in overall business confidence although it is still relatively low. The satisfaction with current business conditions has risen to 47 percent, and this is maintained for the first half of 2010. For 2010 as a whole, confidence rises to 59 percent. This suggests that businesses are now more confident in [continue reading]

source: BOPA
07 January, 2010

GABORONE – The Vice President of India, Mr Mohammed Hamid Ansari will pay a three-day official visit to Botswana from January 9 to 11.

Mr Ansaris visit is at the invitation of his counterpart, the Vice President, Lt Gen. Mompati Merafhe.

A media release from the Ministry of Foreign Affairs and International Cooperation states that during the visit, Messrs Merafhe and Ansari will hold official talks to exchange views on bilateral relations as well as on major global and regional issues of common concern.

It is also expected that the visit will witness the conclusion of the pending agreements on agriculture and allied sectors, science and technology, small, medium and micro enterprises (SMME) and the education exchange programme.

Botswana and India have signed numerous pacts to [continue reading]

source: SW Radio Africa
By Tichaona Sibanda
7 January 2010

SADC member states on Thursday concurred with South Africa’s position that they were not happy with the pace of talks in Zimbabwe to resolve all outstanding issues.

Mozambican Foreign Minister Oldemiro Baloyi told journalists at the end of a two-day SADC ministers’ meeting in Maputo that they shared South Africa’s concern that the Global Political Agreement talks in Harare were taking too long to be concluded.

Fred Katerere, a Maputo based journalist, told SW Radio Africa that Baloyo made it clear the region was not happy with pace of the talks in Zimbabwe.

‘Baloyi said indications are that there may be problems in Harare because the talks have gone on for too long without a conclusive deal. The ministers resolved to press the Zimbabwe negotiators to speedily work out the remaining issues,’ Katerere said.

South Africa’s International Relations Minister, Mait Nkoana-Mashabane, briefed the regional foreign ministers on the progress of talks to resolve the power-sharing dispute threatening the [continue reading]

source: The Botswana Gazette
Written by AUBREY LUTE
Wednesday, 06 January 2010 00:00

Bonuses no longer part of contract, but discretionary

Mining giant De Beers Botswana Mining Company (Debswana) has hiked its salaries by 4% following lengthy negotiations with the Botswana Mine Workers Union (BMWU) last December. According to information reaching The Gazette the “deal” was arrived at towards Christmas, in Gaborone. The Union is understood to have asked for salary increases about nine months ago but Management said the company was going through a rough patch because of the global economic crisis which had had a negative impact on the sale of diamonds.

Some employees at the Orapa, Letlhakane and Jwaneng mines had threatened to demonstrate in October 2009 to protest the lack of pay increases. Inside sources indicated that the Union had demanded a 15% salary increase; inflationary pressures accounting for about 12.6%, plus a 2.4% additional adjustment.

Meanwhile The Gazette has leant that Debswana has announced that bonuses will [continue reading]

source: BOPA
07 January, 2010

GABORONE – It appears most Batswana are still not aware that old bank notes have been withdrawn from circulation following introduction of new ones.

While the old notes were withdrawn from circulation on December 31 some local retail stores continue to accept them.

Similarly, some customers continue to buy using the old notes.

One such customer, Ms Sego Masiwa, revealed that she recently bought goods in a local supermarkets and was given change in old P10 note. However, when she tried to buy with the same note from a different shop she was turned down.

Another customer, Mr Harvey Teemane, conceded that he was still in possession of some old Pula notes but it had slipped his mind that they would no longer be in use after December 31.

However, Mr Teemane added that he was still hopeful that he would be able to exchange them for new ones at Bank of Botswana.

Score Manager, Mr Obvious Pije, said they were aware that [continue reading]