November 8th Edition
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View ArticleBudget deficit to widen on falling revenues amid negative GDP growth
An international research firm projects that Botswana’s budget deficit will widen from an estimated 2.7 percent of GDP in the 2023/2024 fiscal year (running from April to March) to 5.4 percent in...
View ArticleNdaba Gets His Moment at the Diamond table
The issue of diamond dependence is set to become a major focus for the new administration, with President Duma Boko pledging to address what he describes as the “mess” left by former President...
View ArticleTough Year for Minergy Amid Turnaround Struggles
In the 12 months to June 2024, Minergy has faced considerable challenges that ultimately led to a less-than-favorable outcome for its stakeholders. The company grappled with a volatile coal market, the...
View ArticlePAYE Implications of Selling Assets to Employees
It’s often said that ignorance of the law is no defense, and this certainly applies to the PAYE (Pay-As-You-Earn) implications of selling assets to employees. Surprisingly, many employers, accountants,...
View ArticleExploration license for oil drilling in Okavango Delta renewed
Canadian oil exploration company ReconAfrica’s license has been renewed as the company moves forward with plans to exploit potential oil reserves in the Cubango Okavango River Basin (CORB) in Botswana...
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Grays Eden: The Perfect Festive Getaway
Overlooking the Thamalakane River in Maun, Botswana, Grays Eden is the first luxury boutique hotel in the area, offering tourists and travelers the perfect festive getaway this year. At Grays Eden,...
View ArticleBWR faces gag order from Dave van Niekerk
The Business Weekly & Review was informed by a South African law firm on Thursday afternoon of David van Niekerk’s intention to seek an interdict against the newspaper. Assheton-Smith Ginsberg...
View ArticleImara Capital downgrades G4S to ‘sell’ as revenue gains fail to offset...
Imara Capital has downgraded G4S Botswana to a “Sell” rating, advising investors to divest from the company’s stock amidst ongoing financial struggles. Despite a 5.4 percent increase in revenue in the...
View ArticleNovember 15th Edition
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Botswana Movies Take Centre Stage on Mzansi Magic
Over the next three weekends, DSTV will take their audience on an unforgettable cinematic journey, showcasing Botswana’s vibrant culture, traditions, and untold stories through three locally produced...
View ArticleBoko to kickstart gov’t with austerity
Promises to share a 100-day plan Curbs both domestic and international trips with large entourages Wants to cancel projects improperly awarded Masisi believes he left intact economic fundamentals The...
View ArticleFiscal strain looms as key challenge for new administration
Diamond market downturn illustrates the importance of urgently supporting the development of other exports Newly elected President Duma Boko will face fiscal challenges that could threaten the...
View ArticleBoB likely to cut rates again
Following its recent decision to maintain rates, the Bank of Botswana (BoB) is expected to reduce interest rates once more in 2024. According to Business Monitor International’s (BMI) latest report,...
View ArticleFar Property Considers South African Exit in Strategic Realignment
Far Property Company (FPC) may divest some properties from its South African portfolio to address economic uncertainty in the country, strengthening its focus on stable markets like Botswana and...
View ArticleWhen passion meets pragmatism
In her 20s, Mumsy Themba draws inspiration from the tranquil landscape of her home village of Tsamaya near Francistown. An economics major, Themba is a poet who blends passion with pragmatism. In an...
View ArticleBoko Focuses on Easing Tensions with South Africa
The new administration is committed to mending strained relationships, as demonstrated by Duma Boko’s meeting this week with leaders from De Beers and Anglo-American. He made it clear that any past...
View ArticleCapital Gains Tax (CGT) on Sales of Immovable Property
Selling land or other immovable property can be motivated by personal needs or to benefit from property appreciation, sometimes due to financial pressures or to reallocate investments. However, it’s...
View ArticleCompensation for Work on Unpaid Holidays: Is It a Legal Obligation?
Employment terms are governed by labor laws alongside the employment contract, which establishes agreed terms and conditions. According to Section 2 of the Employment Act, a contract of employment is...
View ArticleDebswana Expands Funding Options to Include Citizen-Owned Financiers
Debswana, in its ongoing commitment to citizen economic empowerment, is looking to broaden funding options for its business partners by including citizen-owned financiers registered with the Non-Bank...
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