Archive for June 9th, 2010

source: BOPA
08 June, 2010

TUTUME – The Minister of Foreign Affairs and International Cooperation, Mr Phandu Skelemani has told the residents of Tsamaya in the North East District that foreigners who come to Botswana to do business are bound by the laws of the country.

Mr Skelemani informed the residents at a kgotla meeting that the fact that this country needs foreign investors and has to go abroad in order to get them to come to Botswana and invest their resources here does not mean that we will entertain any fear in disciplining them if they misbehave.

He said foreigners have to work within the parameters of both the written and unwritten laws of the country and that if they disobey them they have to be punished accordingly.

The minister cited an example of some foreigners who were flogged at a kgotla in Francistown for [continue reading]

source: IOL
June 09 2010 at 06:44AM
By Zelda Venter
High Court Reporter

It is two days before the start of the biggest soccer spectacular in Africa, and five days before the much-anticipated Group D clash between Ghana and Serbia at Loftus Versfeld Stadium on Sunday. Yet a building constructor is in the Pretoria High Court today trying to halt all the World Cup games at the stadium unless the City of Tshwane pays him the outstanding R28.8 million for upgrades he said he had done at the venue.

However, the Tshwane Metro Council has said it will counter this action. It is also considering laying criminal charges against the very same company that upgraded Loftus Versfeld and is now threatening to upset the [continue reading]

source: Mmegi
EPHRAIM KEORENG
Staff Writer

Officials of the ruling Botswana Democratic Party (BDP) Gaborone Central branch have resigned to join the breakaway Botswana Movement for Democracy (BMD).

In a letter addressed to the BDP secretariat, Gaborone Central branch secretary, Bogadi Nwako notifies the party that she, together with 10 members of the branch committee are resigning from the ruling party with immediate effect. Attached to the letter are copies of resignation letters from 13 committee members of the branch and ward committees.

Among them are deputy secretary, Monica Gomotho, deputy treasurer, Masego Motlhaleemang and women’s wing chairperson, Ethel Morubana. Nwako said their resignation is a reaction to the [continue reading]

source: BOPA
08 June, 2010

GABORONE – Botswanas foreign exchange reserves have declined by 16 per cent to about P58 billion at the end of last year.

The reserves, according to Bank of Botswanas director of research, Mr Andrew Motsumi, are equivalent to 20 months of import cover of goods and services compared to 33 months in 2008.

Mr Motsumi was speaking during the presentation of the banks financial results for the year ended 2009 in Gaborone last week.

He said the global financial crisis adversely affected financial performance leading to the net loss of about P4 billion against a net income of about P11 billion in 2008.

On other issues, Mr Motsumi explained that the bank paid a dividend of about P1 billion to government as compared to P1.3 billion in 2008.

That, he said, followed a transfer from the government investment account of [continue reading]

source: News24
2010-06-08 21:41

Johannesburg – Nearly half the minibus taxis operating between Soweto and Ellis Park will be removed from Johannesburg’s roads, Mayor Amos Masondo announced on Tuesday.

In return for handing in the vehicles, the taxi owners would get shares in a new bus operating company.

“This project is about transformation, it seeks to improve the quality of life of commuters and residents,” he told reporters in Johannesburg.

According to the agreement, 585 minibus taxis would be removed from the Rea Vaya Bus Rapid Transit system’s 25.5km route between Soweto and Ellis Park stadium.

Pete Harris, who is the head of the facilitation team between taxi operators and the [continue reading]