Archive for January 16th, 2010

source: The Botswana Gazette
Thursday, 14 January 2010 00:00

‘The P100 note had some defects and the P10 note does not last long”
The Bank of Botswana Public Relations Officer Mr. Chepete Chepete, has confirmed that the newly introduced bank notes were printed by the British based company, De la Rue.

According to information reaching The Gazette, a local company that is linked to influential people won the contract and asked De la Rue to supply the money. Sources say the money was hurriedly printed and the old bank notes withdrawn from circulation “with immediate effect” so that the company would benefit from printing more bank notes.

“That is why the P100 note had some defects and the P10 note cannot last long. BoB is going to pay a lot of money to print more notes. There is need for an inquiry into the tender between BoB and De la rue,” the sources said.

Hardly a month after the new bank notes were introduced, BoB issued a statement saying that it had discovered a minor production defect on a small number of the new P100 banknotes.

“Specifically some banknotes have a plastic film on the hologram which peels off together with part of the word “Botswana” on the front of the note. The thin transparent plastic film should [continue reading]

source: Mmegi
Staff Writer

The Botswana Bureau of Standards has approved 133 standards covering all sectors of the economy in the financial year 2008/2009.

This, according to the BOBS Annual Report, has constituted to a 41 percent year on year improvement.

In the year, the BOBS also scored success with the establishment of three committees on Leather and Leather Products, Committee on Consumer Policy (COPOLCO) and Beekeeping and Bee Products. These committees were founded in support of government efforts in diversifying the economy and developing the competitiveness of Small, Medium and Micro Enterprises.

“This brings the total number of technical committees to 45,” said the report.
The report says that [continue reading]

source: allAfrica
Business Day (Johannesburg)
Stephan Hofstatter
14 January 2010

Johannesburg — THE Gauteng High Court has given civil rights group AfriForum the go-ahead to take legal action in SA against the Zimbabwean government over its controversial land reforms.

The move could pave the way for hundreds of South African citizens in Zimbabwe who lost their properties through the reforms to claim compensation through South African courts.

Yesterday, the court granted AfriForum permission to serve summons on Zimbabwean Justice Minster Patrick Chinamasa, in its application to have a landmark property rights ruling by the Southern African Development Community (SADC) tribunal registered in SA.

The ruling said Zimbabwe’s 2005 constitutional amendment allowing the government to seize white-owned farms without compensation violated international law. It ordered Zimbabwe to pay dispossessed farmers fair compensation and protect those still on farms.

Zimbabwe does not recognise the ruling or the legality of [continue reading]