Lucara names the 1 111 carat gem
Lucara Diamond has named the second largest diamond ever recovered “Lesedi La Rona”. The name was chosen through a competition that was open to all Batswana citizens to submit their suggested name and...
View ArticleConstruction industry levy mooted
The Construction Industry Authority Botswana (CIAB) Final Layman’s Draft Bill, has proposed to government an industry levy through a draft bill handed to the Minister of Infrastructure, Science and...
View ArticleCopper giants defy austerity
• Tati Nickel, BCL struggle to remain afloat Copper mining giants are struggling to remain afloat despite austerity measures from government as global commodity prices remain subdued on slowing...
View ArticleBatswana over dependent on govt
• In addition to P18 billion wage bail, more millions are spent on social grants, old age pensions, Ipelegeng and other poverty alleviation programmes • Private sector should be relieving burden on...
View ArticleBHC tenant purchase scheme is fraught with shortcomings, needs an overhaul
After recording a loss this past financial year, the Botswana Housing Corporation (BHC) blamed it mainly on the low uptake of the tenant purchase scheme. Even though BHC has never alluded to this, the...
View ArticleA fool and his money
If one was to strip life to its bare minimum essentials and seek to find out what made a difference in their economic, social and emotional wellbeing. Perhaps one would be startled by the simplicity of...
View ArticleProtect the root of your business
A young man and his father were watching a huge fire coming down from the hills towards their family vineyard. At first, the young man tried to organize buckets of water but it was clear that the fire...
View ArticleBSE hikes listing fees
Companies with ambitions to list on the Botswana Stock Exchange (BSE) will now have to pay a little more, since the domestic bourse has hiked listing fees. The Central Securities Depository Company...
View ArticleBDF experts say no to Korean deal
• BDF top brass opposed to direct appointment of Korean fighter supplier • Brazilian and US companies recently entered the fighter jet fray • BDF experts want the tender opened to other suppliers...
View ArticleDe Beers, Debswana lose their SPARKLE
• Revenue down on tough conditions • Growth in China adds woes • Debswana mine won’t open soon De Beers – the world largest diamond producer – said its revenue plunged by 34 percent year on...
View ArticleFewer visitors crossed our borders
Statistics Botswana’s latest Annual Report indicates that Botswana received a total of 2 082 521 arrivals in 2014, a 19.9 percent decline from the 2013 figure of 2 598 158. The report shows that in...
View ArticleToo many hats on Mohohlo’s head
• BoB Govenor Linah Mohohlo wields too much misplaced power • Banks taking advantage of her full plate to do as they please • Under her 23-year watch inflation was only in range in the last three...
View ArticleSACU acts to beat trade barriers
Southern African Customs Union (SACU) will continue to experience a shortfall in customs revenue because of depressed intra-trade within member states, says Paulina Elagao of the SACU Secretariat....
View ArticleWho will snatch Barclays Africa?
BEE AND THE CHINESE Just because Barclays PLC is tightly linked to its fallen hero, former Chief Executive Bob Diamond, many think that his Africa-focused company Atlas Mara could buy Barclays Africa....
View ArticleThe two sides of ‘President’ Mokgweetsi Masisi
Because he attends and actively participates in Parliament and also goes to international meetings, he appears to be someone who cherishes debate and engagement. Considering him only under these few...
View ArticleRMB: A reliable capital market advisor
Rand Merchant Bank (RMB) Botswana, a specialist corporate bank, successfully undertook the secondary listing of retail giant, Choppies Group. The bank previously did the same on blue-chip tourism...
View ArticleLocal banks rip off unwitting customers – BIDPA
In a bid that may be construed to rob Batswana of their hard-earned cash, some local commercial banks may have deliberately decided to keep most of their banking charges a secret, and inaccessible to...
View ArticleThe struggle of the mines
The mining industry experienced a drastic contraction of 12 percent through the year up to the third quarter of 2015. Both base metals and diamonds sales shrunk, and China’s slow economic growth is...
View ArticleLife Unit drives BIHL profits up by 18 percent
A sustained good performance by the Life Insurance Unit of the behemoth financial services group, Botswana Insurance Holdings Limited (BIHL), has seen the mother company increase its profit by 18...
View ArticleLong road to SACU revenue sharing
At the Special Council meeting held on January 15, 2010 at Emperor’s Palace, South Africa, Council decided that the review of the revenue sharing formula should be a collective effort where all Member...
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