Archive for April 22nd, 2010

source: The Botswana Gazette
Wednesday, 21 April 2010 12:00

The Government has approved an average electricity tariff increase of 30 percent across the board, effective 1 May 2010. Early this year, the cash-strapped Botswana Power Corporation (BPC) approached Cabinet for a tariff adjustment after a rise in maintenance costs and the need to invest in energy resources. Following the increase, electricity consumers will be hit hard in the pocket by the electricity bill as the new 12 percent value added tax (VAT) charge has taken effect from April 1, and the introduction of the 5 thebe per kwh Electrification Levy.

Making the announcement, Minister of Minerals, Energy and Water Resources Ponatshego Kedikilwe said the interest was in energy conservation, which means under the new structure those who use less power would [continue reading]


source: BOPA
22 April, 2010

WINDHOEK – Botswana has been robust in its approach to ease trade investment in the country.

So far the country has concluded 10 Double Taxation Avoidance Agreements (DTAA), and will soon sign with two more European countries and five SADC countries. BOPA reporter, Rebaone Tswiio examines a DTAA, using the latest Botswana-Lesotho Agreement.

On the surface value of DTAA, economists say it deepens the level of cooperation plus exchange of information between the tax authorities so as to combat tax evasion and avoidance.

It also gives impetus to a countrys efforts to attract foreign direct investment because it eases the monetary pressure of paying tax in two countries and removes the logistical or clerical burden of complying with at least two [continue reading]

Wed, 21 Apr 2010

The state media in Botswana comprising Radio Botswana, Botswana Television (BTV) and the Daily News have come under heavy criticism for biased reporting over the break-up of the ruling Botswana Democratic Party (BDP).

A faction of the ruling party calling itself Barata Phathi has set in motion processes to break away and form a new political party citing an erosion of democracy in the party, dictatorial tendencies of the party leader President Ian Khama as well as the sidelining of members of the faction in party affairs.

Radio Botswana, BTV and the Daily News are accused of reporting only on the views of the dominant section of the party and completely shutting out the Baratha Phathi faction. The state media has never reported a single story on the envisaged split and turmoil in the party, and only carried statements [continue reading]

source: allAfrica
Business Day (Johannesburg)
Linda Ensor
22 April 2010

Johannesburg — South African Airways (SAA) business units would be ring-fenced with a view to bringing in strategic equity investors to make them more sustainable, Department of Public Enterprises deputy director-general for transport Andrew Shaw, said yesterday.

The business units under review included SAA Voyager, cargo, Air Chefs and SAA Technical, which has already been corporatised into a subsidiary.

Shaw said SAA needed to take advantage of the business opportunities offered by its frequent flyer programme Voyager, which could, for example, be linked into banking. The department was also looking into the feasibility of converting SAA Technical into a multi-airline service and maintenance operation, instead of [continue reading]

source: BOPA
22 April, 2010

GABORONE – President Lt Gen. Seretse Khama Ian Khama is among regional leaders attending the Southern African Customs Union (SACU) meeting in Windhoek, Namibia, today.

The meeting coincides with the centenary celebrations of the union, the oldest customs union in the world.

The SACU leaders will also unveil the new vision of the organisation.

The heads of state will, among other issues, discuss developments in SACU since the implementation of the 2002 agreement.

They will also discuss SACUs strategy as well as a nucleus for deeper SADC integration and [continue reading]

source: The Botswana Gazette
Written by AUBREY LUTE
Wednesday, 21 April 2010 00:00

Political leaders should declare first – Motshwarakgole

The Directorate of Public Service Management has reminded public servants to declare their business interests, assets and liabilities in accordance with General Orders.

A statement issued by the Director, Mrs. Festinah Bakwena, said she had noted with concern that some public service employees had not signed the Declaration Form, DPSM 3, on confidential information upon first appointment…”

She said, “In addition, some employees with businesses do not complete a Confidential Declaration Form on business interests, assets and liabilities.”

Bakwena observed that the practice of declaring assets and liabilities has always existed and she was merely reminding all Accounting Officers and heads of departments to ensure that [continue reading]