Archive for April 19th, 2010

source: Mmegi

A shortage of land and houses is conspiring with competition among banks to provide property credit, pushing rentals and purchase prices up to create a market flush with cash, writes MBONGENI MGUNI

Stronger credit support to prospective property owners and developers is underpinning the prevailing boom in purchase and rental property prices, analysts have said.

According to Bank of Botswana statistics, banks advanced a total of P434.6 million in loans and advances towards property for individuals last year, down from P521.8 million in 2008. However, total property loans and advances outstanding to individuals stood at P2.54 billion by the end of last year, marking the rapid growth of [continue reading]


source: IOL
April 18 2010 at 10:59PM

A spokesperson for police chief General Bheki Cele said on Sunday that semen was found on the body of Afrikaner Weerstandsbeweging leader Eugene Terre’Blanche.

“His body was found half naked with semen on his private part. That is not new information, it has always been part of the evidence,” said Nonkululeko Mbatha.

Mbatha said this was part of the evidence being investigated and there were other leads being followed by the police.

Cele told a Sunday newspaper that the “sex issue” had always been there because Terre’Blanche’s body was found with his pants down and “wet with semen”.

However, Cele said there was no condom found on the scene, as it was reported in [continue reading]

source: SW Radio Africa
By Violet Gonda
12 April 2010

The MDC-T has said ‘no movement’ has been made in the inter-party negotiations that ended two weeks ago. The National Executive were briefed during a meeting on Friday, on the issues covered in the final report of the Global Political Agreement talks between ZANU PF and the two MDC formations.

Party spokesperson Nelson Chamisa told SW Radio Africa on Monday: “It’s sad to note that there seems to be no progress, no movement on key issues that we have always flagged. That is issues to do with the provincial governors, issues to do with Roy Bennett, and the Attorney General and Reserve Bank of Zimbabwe’s offices. We are still where we were, possibly before President Zuma came to Harare.”

Chamisa said the political parties in the inclusive government have agreed to disagree and the issues are now with the facilitator, South African President Jacob Zuma, and the Southern African Development Community, the guarantors of the Zimbabwean deal.

The political formations have been squabbling since signing the GPA in September 2008 and Zimbabweans are still waiting for an [continue reading]

source: Mmegi
Staff Writer

A 21-year-old mechanical engineering student who was bundled out of his car in the middle of a traffic jam and taken to Directorate of Intelligence and Security (DIS) headquarters on Wednesday evening allegedly realised that a stash of P56,000 was missing from the boot of the car he was driving after four hours of interrogation by state security agents.

Elias Ramogerika of Broadhurst in Gaborone was among a team of five men who made P56,000 at an auction at BBS Mall earlier that day. The money was entrusted to Ramogerika by the chief auctioneer, Senki Sesinyi, to take home at the end of the auction after 3pm, while the rest of the team travelled to Mafikeng in South Africa.

Ramogerika says he then decided to go to the University of Botswana’s Faculty of Engineering and Technology where he is a student to [continue reading]

2010-04-19 07:44

Johannesburg – Soccer World Cup organisers still have 355 000 tickets to sell in the eight weeks leading up to the tournament as they continue to sacrifice short-term profits for the sake of long-term benefits and a better image for South Africa.

Officials will be relieved that 145 000 match tickets were sold in the first four days of the final sales phase, but more sales are needed if FIFA, the sport’s world body, are to avoid a PR disaster the sight of empty seats at stadiums.

Organisers have been forced to offer cheaper tickets to ensure all 10 World Cup stadiums – and not just those staging the most popular games – are full.

“I think that today there is one challenge that we definitely have to work on,” FIFA secretary general Jerome Valcke said ahead of the fifth and final ticket phase. “It’s to make sure all the stadiums are full and that we are selling all these tickets.”

The final ticket push has no affect on [continue reading]

source: Mmegi

SELEBI-PHIKWE: The sluggish phasing out of pit latrines Selebi-Phikwe pits the town council against the residents who plead that they do not have the money to connect to the water system.

Botshabelo East resident, Chalido Madome, says it will be difficult to get rid of pit latrines because a majority of the residents are unemployed and they do not have money to connect to the sewerage reticulation system.

“At the moment people are failing to pay their SHHA loans or even service levies. They have been threatened by the council to repossess their plots or reporting them to the deputy sheriffs. Residents will not be able to pay for the connection. The project will only impoverish them and put them in trouble with the local authority,” he said.

Madome pleaded with the council to come up with a better project than [continue reading]

source: Fin24
Apr 18 2010 12:58 Vida Booysen

Bloemfontein – The World Cup soccer tournament that starts in June could present business people with some unpleasant surprises.

Instead of providing the anticipated economic bonanza, the event could lead to revenue losses for certain South African companies.

This is because of huge challenges to the infrastructure, leading to delays and traffic congestion.

Workers’ productivity is also expected to drop as a result of people wanting to watch the soccer spectacle at work.

According to Martin Humphries, the managing director of Executives Global Networking (EGN) – an information network for chief executives – some of the country’s top chief executives, financial executives and human resource managers have already begun to assemble under EGN’s banner to prepare for the [continue reading]

source: Mmegi
Staff writer

Less than two months to the event, signs of the windfall the World Cup was anticipated to be are yet to materialise, at least according to accommodation providers in Gaborone.

Hotel bookings, the usual standard for determining turnout figures for high profile events like the World Cup, have not shown any marked change going into May, indicating that the build-up to the world’s biggest football showpiece to be held nearby are yet to be felt in Botswana.

Bruce Page-Wood, the regional Director for Peermont Global in Botswana, says at their hotels, the Grand Palm, Mondior and Metcourt Inn in Gaborone and Francistown and Walmont at the Grand Palm, they are yet to experience any upsurge in bookings related to the World Cup. “Our hotels do not show any [continue reading]

source: IOL
April 19 2010 at 12:14AM

Flights between South Africa and major European airports remain grounded due to volcanic ash in Europe’s airspace, South African Airways said on Sunday.

All flights out of South Africa to London would remain cancelled until Monday at 2am, when British authorities would review the situation, airline spokesperson Fani Zulu said.

There were also no planes leaving for Munich or Frankfurt in Germany.

“A further communique will be made once Britain has made the review. The German authorities are meeting. They will advise us accordingly.”

The cancelled flights are SA 234 and SA 236 Johannesburg to London; SA 220 Cape Town to London; SA 235 and SA 237 London to Johannesburg; and SA 221 London to [continue reading]