Archive for February 11th, 2010

source: BOPA
10 February, 2010

SEROWE – A project aimed at constructing an airport between Serowe and Palapye has been put on hold until further notice.

In response to a BOPA questionnaire, the Public Affairs Manager of the Botswana Civil Aviation Authority, Mr Dan Peke said invitations for tenders to pursue the environmental impact and archeological impact assessments in relation to the project were rescinded due to financial constraints.

An advert had been placed in the Botswana Guardian newspaper dated December 18, 2009 stating that the tender No: CAAB 01/09-10(1), consultancy services for environmental impact assessment and mitigation plan for the proposed Serowe airport project, which was published in the Botswana Gazette, the Guardian and Echo Newspapers of the period 13 to18 August 2009 and closed on September 2009 at 1000 hrs, had been cancelled.

The airport was due to be established 20km from Serowe on the way to Palapye near the [continue reading]

source: Mmegi
Staff Writer

The Executive Director of the Botswana Institute of Development Policy Analysis (BIDPA), Happy Fidzani, says government’s decision to increase Value Added Tax is tantamount to “penalising consumers,” and will stem the country’s economic growth.

For 2009/10, the country’s economy contracted by 4.6 percent and – according to Fidzani – the five percent growth predicted by government for 2010/11, will be undermined by the two percent increase to Value Added Tax (VAT). For 2010/11, government expects to earn P5.5 billion from VAT, which will be the third largest contributor after non-mineral and mineral revenues.

Finance and Development Planning Minister, Kenneth Matambo on Monday announced that VAT would climb to 12 percent with effect from 01 April 2010. The increase is [continue reading]

source: BOPA
10 February, 2010

LERALA – Negotiations aimed at re-opening Lerala diamond mine are still ongoing, says the Minister of Minerals, Energy and Water Resources, Mr Ponatshego Kedikilwe.

Production at the miane was suspended indefinitely early last year due to the global financial downturn, which resulted in reduced prices of mineral commodities.

As a result of the mine closure, 284 jobs were lost. DiamonExs first disappointing sale was in October, 2008 when the price was 35 per cent below the actual value of diamonds.

The effects of the financial crisis were also felt by Orapa and Jwaneng mines, which responded by scaling down production and [continue reading]

source: Mmegi
Staff Writer

The Zimbabwe government is appealing a Monday court ruling in which a Magistrate’s court dropped two of the three counts that Botswana wildlife officers were facing in the country.

The officers were facing charges of entering the country illegally, smuggling a vehicle into the country, and possession of firearms and ammunition without a licence. They were fined USD100 each for illegal entry into the country, while the other charges were dropped.

The three officers were released yesterday but the vehicle and firearms were confiscated so they could be used as [continue reading]

source: Fin24
Feb 10 2010 20:51

Johannesburg – A bilateral investment treaty signed recently between SA and Zimbabwe will protect future investors where expropriation and compensation are involved, a law firm said on Wednesday.

“The treaty offers South Africans with investments in Zimbabwe the best protection yet,” Werksmans Attorneys director Roger Wakefield said in a statement.

“There is no doubt that this provision gives South African investors much more clout to protect their assets in Zimbabwe.” The treaty protected investors affected by expropriation after November 27 2009, the date on which the agreement was signed.

“Although it does not assist South Africans who have already lost investments in Zimbabwe, the Bilateral Investment Promotion and Protection Agreement does at least provide protection [in future].”

According to the treaty investments may not be nationalised or [continue reading]

source: Mmegi

Hundreds of Bushmen were left angry and frustrated after President Ian Khama refused to enter into discussions with them during a meeting on Thursday.

President Khama, accompanied by four government ministers, met with Bushmen at the New Xade resettlement camp where they were dumped after being evicted from their lands in the Central Kalahari Game Reserve in 2002. Despite a three year-old High Court ruling that they have the right to live in the reserve, many still languish in the camps.

Since the ruling, the government has banned the Bushmen from accessing a water borehole on their lands; without it, they struggle to [continue reading]

source: Fin24
Feb 11 2010 07:21

Cape Town – President Jacob Zuma will indicate a change in industrial policy in his state of the nation address, but leave an expected announcement on monetary policy to the National Treasury, Minister in the Presidency Collins Chabane said on Thursday.

Chabane said Finance Minister Pravin Gordhan was best placed to deal with the issue of the mandate of the South African Reserve Bank when he tabled his budget on Wednesday.

“When the minister of finance tables his budget, in the context of the budget and the economy as it is, he is likely to make an indication on [continue reading]

source: BOPA
10 February, 2010

GABORONE – The majority of commercial public enterprises have performed satisfactorily during the 2008/9 financial year, finance and development planning minister Kenneth Matambo has told Parliament.

The Botswana Housing Corporation made a net profit of P158.3m while Air Botswana recorded a loss of P87million while the Botswana Development Corporation (BDC) continued to be the leading investor and lender, hence contributing more to the transformation and diversification of the countrys economy, said the minister.

The corporation has a diverse portfolio covering various sectors of industry such as agribusiness, services, property development and management.

Mr Matambo said some of the projects the BDC is currently undertaking include the glass manufacturing plant in Palapye, which will utilise locally available silica and soda ash.

The project is estimated to [continue reading]

source: Fin24
Feb 11 2010 06:52
Francois Williams

Cape Town – The introduction of smart electricity meters will create a revolution in the South African power market, says consultancy Frost & Sullivan.

Frost & Sullivan’s energy analyst Ross Bruton says the market is being driven by the energy crisis that obliges Eskom and companies to reduce the electricity demand.

Smart electricity meters make it possible to charge tariffs according to the time of day the electricity is used – that is to say, electricity used during peak consumption periods will cost more.

This also makes it possible to switch off household equipment or geysers remotely, and establishes two-way communication between consumers and [continue reading]

source: BOPA
10 February, 2010

KASANE – For government to fight alcohol abuse successfully, all sectors of the society need to work together towards the attainment of an alcohol free nation, says the headmaster of Kavimba Primary School, Mr Kgomotso Mafoko.

Officially opening the Kavimba alcohol free fun day organized by Chobe health organisations over the weekend, Mr Mafoko said there was clear evidence that there is a link between alcohol abuse and the spread of HIV/AIDS in Botswana.

Therefore, he said people could not ignore the importance of confronting and exposing this deadly scourge adding that people should learn to [continue reading]

source: IOL
Gill Gifford
February 11 2010 at 07:40AM

If you drive a Toyota Corolla, Verso or Auris, stand by for a call from your car dealer.

Yesterday, Toyota SA announced that it would be recalling 52 546 cars in South Africa as part of a global special service campaign.

But owners of the affected models will know only later this week whether their cars form part of those being recalled.

Toyota SA CEO and president Dr Johan van Zyl said the recall would begin on February 23, and the company was now trying to contact the owners of the affected cars.

It was hoped, said Van Zyl, that the process would be completed [continue reading]