Archive for November 8th, 2010

source: Mmegi
Staff Writer

Shrenuj Botswana, a subsidiary of the Indian diamond giants Shrenuj and Company Group, is set to open Botswana’s first diamond jewellery manufacturing plant, thus putting the country on the road to becoming a regional diamond centre.

In an interview with Business Week, General Manager Kim Lanny said in Gaborone that the P30 million jewellery manufacturing operation at the Diamond Technology Park “will open later this month,” first producing jewelleries for the United States of America (US) market and later for the Southern African region.

“From the 16 DTC Sightholders, Shrenuj Botswana was the last company to start working in Botswana. However, it has become the first to expand through the diamond pipeline (Diamond manufacturing to fully-made jewellery). We are proud of it and I believe it shows our [continue reading]

source: Sunday Standard
by Sunday Standard Reporter

Tour operators this week angrily blamed the national air carrier for bad representation in the eyes of the travelers as their profits staggered in a year that was expected to have brought a windfall in the regional tourism industry.

“As noted before, perhaps the biggest single challenge the tourism industry faces within Botswana remains the often substandard service rendered by Air Botswana, the only scheduled air carrier allowed to service the tourist in the northern Botswana.

“This situation has been further exacerbated by the discontinuance of the direct Johannesburg/ Maun/ Johannesburg route, occasioned by our Civil Aviation Authority’s refusal to allow foreign-based airlines to compete with Air Botswana on this route thus necessitating an en-route diversion and stop in [continue reading]

source: Mmegi
Staff Writer

The Ministry of Lands and Housing is on the brink of acquiring 6,000 hectares of tribal land on the western outskirts of Gaborone, for the expansion of the capital city.

The land in question stretches from Ledumadumane towards Mmopane and the Sir Seretse Khama International Airport. Negotiations are still underway with affected communities in Ledumadumane, who will be required to relocate to facilitate the various land uses.

Lands and Housing Minister Nonofo Molefhi told Mmegi on Tuesday that it was expected that the various processes necessary to acquire the 6,000 hectares would cost government P360 million.

“This is tribal land and while we do not pay for it, we will compensate those [continue reading]

source: News24
2010-11-07 17:07

Johannesburg – South Africa’s first national Zulu-language newspaper hit the streets on Sunday, catering to a growing demand among the country’s largest ethnic group.

The Sunday Times launched its Zulu edition in KwaZulu-Natal.

“We are extremely proud to be making a contribution to the growth of an indigenous language. This in no small way contributes towards us living up to our claim to be ‘The paper for the people’,” editor Ray Hartley said in a statement.

“The decision to produce a Zulu edition was motivated by great reader interest. Research we have conducted using focus groups shows that there is great demand for [continue reading]

source: Sunday Standard
by Prof Malema

African Diamond Plc, the diamond company involved in AK 6 resources, has issued out a scheme of arrangement to shareholders, indicating that it is planning to de-list on both the London and Botswana Stock Exchanges (BSE), before the end of the year.

The move follows what was dubbed a “compelling” offer by Lucara when it proposed to acquire all African Diamonds shares and locking its shareholders into a much bigger company with operations in the southern African region.

The total value of the proposed transaction will be $ 82 million Canadian (US $ 80 million, P 528 million ) —representing a 27 percent upside — based on Lucara price and Canadian dollar exchange rate as at the close of [continue reading]

source: Mmegi
Staff Writer

The Ministry of Lands and Housing and Swedish consultants are in the process of data collection as part of a five-year project to computerise land ownership records, the most comprehensive attempt made thus far.

Efforts to computerise land records and management systems date as far back as 1990 through attempts to automate the Registrar of Deeds, Department of Surveys and Mapping, as well as spreading this to individual land boards.

Challenges have included the substantial information involved, poor record keeping at various levels, insufficient bandwidth for the size of documents to be shared and difficulties involving the appropriate software to be used.

Lands and Housing Minister, Nonofo Molefhi says computerisation would weed out multiple owners of [continue reading]

source: Sunday Standard
by Sunday Standard Reporter

Wilderness Holdings predicted that tough market conditions will continue in the medium term with bed night demand battered as traditional markets in the U.S and Europe remain affected by the credit crunch.

Unfavourable exchange rates, rising costs and recession in source markets remain some of the challenges for company that operates across the SADC countries.

Andy Payne, Chief Executive Officer of the Botswana Stock Exchange (BSE) and JSE listed company, said down ward pressure on yield was managed well while the business real grew in bed night sales.

“We do not expect much change in some markets. Our source markets (US and Europe) are in a precarious economic situation,” Payne pointed out at the [continue reading]

source: Mmegi
Staff writer

Construction of the AK6 diamond mine in Boteti is set to take off in the next few months with full commissioning targeted for early 2012.

A statement released this week by joint-venture partners, Lucara Diamonds and African Diamonds, announcing a formal decision to proceed with development of the mine says the companies have received approval for construction and have concluded an agreement with the Botswana Power Corporation (BPC) for bulk power supplies.

Senior staff have been recruited for the AK6 project, including the chief executive, the general manager, the finance manager, the human resources manager, and the [continue reading]

source: SW Radio Africa
By Alex Bell
05 November 2010

A four day meeting of the international diamond trade watchdog, the Kimberley Process (KP), ended with no sign of an agreement on Zimbabwe’s diamond trade future on Thursday.

KP Chairman Boaz Hirsch told a news conference at the end of the meeting in Jerusalem that “the government of Zimbabwe has not been given approval as yet to sell diamonds recovered from its controversial mine fields in the Chiadzwa area of Mutare.” He said an agreement had not yet been finalised.
“We hope to reach an agreement in the coming days…we are working with Zimbabwe and other countries,” he said.

Zimbabwe Mines Minister Obert Mpofu meanwhile told the media at the conference that the country would sell diamonds from Chiadzwa immediately, echoing the same threats he made earlier this week.
“Zimbabwe will sell diamonds without any conditions,” he said. “There is no opposition to that.”
The KP is now under pressure to find some solution in the coming days, and a report on the situation in Zimbabwe is being debated. According to Hirsch, the report “has found Zimbabwe to be [continue reading]