Archive for February 19th, 2010

source: Mmegi
BRIAN BENZA
Staff Writer

Consumer inflation quickened by 0.3 percentage points to 6.1 percent in January largely due to higher education and vehicle costs, the Central Statistic office (CSO) has reported.

The January increase, which is the second in a row, sees the annual inflation rate jumping out of the central bank’s 3-6 percent inflation objective.

The central bank has been implementing an expansionary monetary policy which saw interest rates easing by 9 percentage points in 2009 as inflation fell from as high as 15.1 percent in [continue reading]

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source: The Botswana Gazette
Written by BONIFACE KEAKABETSE
Thursday, 18 February 2010 05:53

Botswana’s game parks are threatened by syndicates of phony operators who undertake illegal activities.

At a recent consultative local mobile safari tour operators complained to the Minister of Environment, Wildlife and Tourism, Kitso Mokaila, of tour operators from neighboring countries – especially South Africa and Namibia – undertaking unlicensed operations in Botswana game reserves and national parks.

They charged that these operators bring large numbers of tourists from their countries to enter Botswana under the pretext of being self- drive tourists, thus avoiding to pay the higher charges to enter the Moremi Game Reserve and the Chobe National Park.

A representative of HATAB, Adam Hedges, said the situation was serious; the syndicates have websites that openly show how to cheat Botswana parks.

The operators told the Minister that Botswana has [continue reading]

source: Mmegi
MBONGENI MGUNI
Staff Writer

Junior miner, African Copper has posted a P252 million profit for 2009, with concentrate from its resurgent Mowana Mine leveraging on the strong copper price.

Last January, operations at Mowana were suspended after the UK company suffered a cash flow crisis arising from depressed copper prices.

The suspension came four months after the mine shipped its first concentrate. However, Zambia Copper Investments bailed out the troubled mine last May, enabling the resumption of production in August 2009.

On Tuesday, jubilant AfCopper executives announced that Mowana was back on track, netting P28.7 million from its first sale of copper concentrate after the August 2009 resumption. AfCopper’s results – for the fourth quarter 2009 and the year ending December 2009 – were also boosted by a reversal of impairment losses, owing to [continue reading]

source: SW Radio Africa
By Tichaona Sibanda
18 February 2010

Seventeen months after the signing of the GPA between ZANU PF and the MDC formations, Zimbabweans and the international community in general have accused Mugabe and his party of not demonstrating their commitment to reform and democratic freedoms.

Analyst Clifford Mashiri told us there are lots of things that can and should be done, that would reflect a genuine change in spirit and attitude towards the implementation of the GPA.

Commenting on the fact that Mugabe finally appointed the MDC ambassadors this week, Mashiri said; ‘The appointment of ambassadors was a public relations stunt to try and sanitise his (Mugabe’s) image that has been badly shattered by the extension of targeted sanctions by the EU because they said they haven’t seen any changes on the ground. Even then the appointment of ambassadors is not enough, it’s an element of implementation but it’s a matter of too little too late.’

He added; ‘We want to see Gideon Gono and Johannes Tomana removed; that would be [continue reading]

source: IOL
February 18 2010 at 05:53PM

The department of transport vowed on Thursday to not let the Bus Rapid Transit (BRT) system collapse amidst major funding problems it is currently facing.

“The ongoing insufficient funding is a major concern. BRTs are mass transit network projects needing sustainable funding for 10 to 20 years … we will not allow it to collapse,” acting Transport Department director general George Mahlalela said.

He was addressing a packed SA Bus Operators Association (Saboa) conference in Pretoria, on the progress made in the introduction of integrated public transport networks in the country.

“It (BRT) is a better experience in many ways and [continue reading]