Archive for September 13th, 2010

source: Mmegi

The construction of Morupule B Power Station, a glass manufacturing factory, a coal wash plant at Morupule, the presence of a regional BURS office, in addition to being the site of Botswana’s ambitious University of Science and Technology, are just some of many indicators that MP Goya and others point out to make the case for Palapye being shorn of its village status, writes ONALENNA MODIKWA

PALAPYE: Within a short space of time, Palapye has experienced a high level of construction activities that have contributed immensely to its economic and population growth as well as improve its prospects of graduating from its village status.

The village has also developed more into a hospitality hub, as evidenced by the mushrooming of lodges to meet the accommodation needs of those in transit. There is ongoing construction of two big lodges situated along the Palapye-Mahalapye Road and opposite the neighbourhood of Khurumela. One of the lodges is reportedly a part of the Mogoditshane-based Big Five Lodge while the other belongs to a home-grown Palapye businessperson.

Currently available conference facilities are no longer able to host national conferences that are increasingly coming to Palapye for its [continue reading]

source: Mmegi

With a population of just over two million people spread across a landmass comparable in area to that of Texas, Botswana historically was rural, tribal and agriculture-based.

That is, until the discovery of diamonds in 1967 turned the country into a poster child for the benefits of a well-functioning African democracy and an economic success story.

Observers credit the effective relationship between government and the country’s private sector along with the investor-friendly attitude adopted by state officials for the progress in Botswana. Given the country’s heavy dependence on the diamond industry, nothing has been as important to its development as the government’s partnership with De Beers, a partnership that marks its 40-year anniversary in 2010.

While the government owns a 15 percent stake in De Beers and the two entities have equal shares in the Debswana mining company and the [continue reading]

source: allAfrica
BuaNews (Tshwane)
10 September 2010

press release

President Jacob Zuma has welcomed the letters he has received from various media groupings locally and internationally, raising their concerns about the Protection of Information Bill, as well as the ruling party’s Media Appeals Tribunal.

Among the correspondence received, are letters from media groupings, non-governmental organisations, concerned groupings of society, professional bodies, individuals and organisations, such as the Writers Against the Protection of Information Bill, Council for the Advancement of the South African Constitution, Section 27, the Auckland Park Declaration, the Right to Know Campaign, South African Journalism Schools, World Association of Newspapers and News Publishers, Media Entertainment and Arts Alliance, Agence France Presse, Bloomberg, the Associated Press, Reuters and [continue reading]

source: Mmegi
Staff Writer

The Botswana Stock Exchange is faced with weighty inefficiency challenges and needs an overhaul to transform the bourse into a proficient market that can contribute positively to economic growth.

According to research conducted by Bank of Botswana analysts who used the time series analysis to gauge the efficiency of the BSE, the bourse’s returns on the mainstream Domestic Companies Index (DCI) follow a long memory process, which stands against the precepts of the efficient market hypothesis.

The DCI measures the performance of the counters on the domestic board. The research also showed that the DCI trends are not easily predictable on the basis of past volatility, making it difficult for analysts to come up with forecasts and chart analysis.

“The research shows that the behaviour of the equity market returns and [continue reading]

source: IOL
September 10 2010 at 07:52PM

The process of officially documenting Zimbabweans in South Africa will kick off on September 20, Home Affairs director general Mkuseli Apleni said on Friday.

Apleni’s announcement in Pretoria follows Cabinet’s announcement earlier this month, that it had taken a decision to end the special dispensation for Zimbabwean nationals, introduced in April 2009.

The special dispensation allowed Zimbabweans crossing into South Africa the right to live, work, attend education facilities and access basic health care for a period of 6 months.

This was in response to the socio-economic challenges in Zimbabwe, which resulted in large-scale cross-border movement, as vulnerable groups sought safety and alternative livelihoods in [continue reading]