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BULLISH BTCL LEADS DOMESTIC TRADERS
• Share price jumps 47% YTD • CEO buoyant on prospects • Profits on the rise • Investors salivate for a piece of BTCL The sole listed telecommunications outfit, Botswana Telecommunications Corporation...
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ALL FOUR (4) MORUPULE B UNITS OPERATIONAL
The Minister of Mineral Resources, Green Technology and Energy Security Sadiuqe Kebonang says all units at Botswana Power Corporation (BPC) Morupule B power station are functional. Kebonang was...
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RIVALS UNDERCUT KBL’S COCA COLA PRODUCTS
Empty Coca-Cola Classic cans move along a conveyor at a Coca-Cola Amatil Ltd. production facility in Melbourne, Australia, on Tuesday, Feb. 16, 2016. Coca-Cola Amatil is scheduled to report full-year...
View ArticleCAPITAL IN FLIGHT: How the big banks beat the taxman and ship out billions...
High ranking sources within Botswana’s lucrative commercial banking sector, alerted The Business Weekly & Review to the fact that commercial banks are moving hundreds of millions of Pula to their...
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LARGE CORPORATES BEHIND ILLICIT FINANCIAL FLOWS
Blue chip corporate organizations are at the heart of corrupt practices in Africa and are the biggest culprits in perpetuating illicit outflows followed by organized crime syndicates, a joint research...
View ArticleDEBSWANA RESUSCITATES DAMTSHAA
• Open pit reaches life end at Letlhakane • Letlhakane production will be focused on repossessing • Orapa mine currently focused on cut-2 • First Ore from cut-8 extracted in June Debswana is currently...
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RETAILERS DRAG DOWN THE DCI
GABORONE, October 20,2011, The local chain super market Choppies opens its biggest outlet at the Rail Park Mall in Gaborone on October 20,2011. (Pic:Press Photo) • ICT leads with positive gains •...
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THE STORY OF CAPITAL BANK
Viljoen doesn’t see the Capital Bank of Botswana as a major high street bank with multiple branches within the next 3 to 4 years, like the Barclays Bank of Botswana, First National Bank of Botswana,...
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SADC CENTRAL BANKS CUT RATES, BOTSWANA KEEPS COOL
Bank of Botswana governor Moses Pelaleo spoke with so much conviction about maintaining his stance when neighboring countries have brought knives to cut down interest rates, taking the edge off...
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COOKING THE NUMBERS: INSIDE STATISTICS BOTSWANA BOGUS EMPLOYMENT FIGURES
Pic: Press Photo Sometimes last year, there was commotion right in front of the national assembly. A group of fed-up young people took action to peacefully protest to the legislators about the rife...
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KHAMA AND TK IN GRIPEN SPLIT
– Tshekedi Khama opposed to the procurement – BDF top brass split with Commander – Only Khama and Commander fully support the deal – Masisi noncommital At the recent Airshow organised by the Minister...
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GOLD RUSH: How the proprietors of Galane Gold mine grabbed gold and cash
At the domestic bourse, Thapelo Tsheole, the Chief Executive Officer (CEO) of the Stock Exchange could not take it anymore having engaged the Canadian gold mining outfit, in a quest to get it to comply...
View ArticleWHAT WILL PRESIDENT MOKGWEETSI MASISI BRING TO THE TABLE?
Because he attends Parliament and appears like someone who cherishes debate and engagement so much and attends international meetings considering only these two factors, Vice President Mokgweetsi...
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POVERTY, UNEMPLOYMENT, COULD REDUCE BATSWANA LIFESPAN
Driven by high rates of poverty and unemployment, most Batswana cannot afford quality healthcare, which would in the short to medium term affect their lifespan and economic productivity, says Moraki...
View ArticleAPEX PROPERTIES REJECTS A RENT-TO-OWN FINANCING POLICY
The fastest growing residential property developer, Apex Properties says it will not offer houses to Batswana on a rent-to-buy basis, which could empower Batswana to own houses on monthly installments,...
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KBL JOB LOSSES AS AB INBEV TAKE OVER KICKS IN
Pic: www.motswana.co.bw The Budweiser brewing giant, which has assumed management control over the St Louis Lager maker is embarking on aggressive cost cutting measures aimed at a lean staff, invoking...
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SPEDU GETS A P1.4 BILLION WINDFALL
• Americans invest P1.4 billion in Selibe Phikwe • Sayeed Jamali one of the local partners • Investment could create 3000 jobs An aviation company from the United States of Amrerica, Brite Star...
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LETSHEGO PLOTS TAX AVOIDANCE
Sources have revealed to The Business Weekly & Review, Letshego’s “re-organizational” structure, intended to be rolled out over the next 3 years. According to the new structure, Letshego will in 3...
View ArticlePULA STEEL’S JUDICIAL MANAGER FACES THE AXE
• Judicial Manager threatens to liquidate in four (4) months • Vermas want Judicial Manager sacked • Employees petition Judicial Manager over unpaid salaries Pula Steel has failed to act on a tender...
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OMBUDSMAN BTV REPORT PUTS SPOTLIGHT ON KHAMA
Augustine “Tenten” Makgonatsotlhe’s appointment as Ombudsman in May 2016 was clouded by a veil of controversy, which raised the spectre of government once again, using a democratic institution to...
View ArticleTHE INEXORABLE DECLINE OF COMMERCIAL BANKS’ VALUE
For years, the banks have been the superpowers of the BSE. The primacy of their size and influence to the Domestic Company Index (DCI) has been unrivalled, yet their rule is as brittle as any other...
View ArticleTHE RETIREMENT FUNDS ACT AND ITS IMPLICATIONS FOR MEMBERS AND BENEFICIARIES
In my article last week, titled Botswana And the Progressive Death Benefit Provisions in the Retirement Funds Act I discussed some of the highlights of the Retirement Fund Act (RFA) and the retirement...
View ArticleBOTSWANA AND THE PROGRESSIVE DEATH BENEFIT PROVISIONS IN THE RETIREMENT FUNDS...
In 2013, Oxford University Press published one of my articles titled “The Emergence of a Comprehensive Regulatory Framework for Pension Death Benefits in Botswana” in volume 34 of the Statute Law...
View ArticleBANKS HAUNTED BY NON-PERFORMING LOANS
• Banks’ asset quality deteriorates • Past due loans up 32 percent • Impairments reach P2.5 billion Driven by continuously dwindling disposable income and job losses, Batswana have failed to re-pay...
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TROUBLE AT BIHL: THE FALLOUT OF WOMEN IN POWER
• BLIL CEO: a victim of circumstances • BONA LIFE ‘eats’ into BLIL clientele • Botswana Life loses momentum • BIHL CEO unhappy with Moorad performance • Irreconcilable differences between BIHL Boss...
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BARCLAYS BANK BROADENS ITS APPEAL TO CORPORATES
Barclays Bank of Botswana says it is converting new business opportunities in the highly contested Corporate and Investment Banking segment (CIB), into unlocking greater value, over the third quarter...
View ArticleDE BEERS RETHINKS OPPORTUNITIES AS CONSUMER PATTERNS SHIFT
Diamond consumer trends have shifted, with more women having a greater degree of self-purchase spending power than they did in previous generations. The increase in their spending power has triggered a...
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BB CEO AMIDST ‘SEXUAL HARASSMENT’ STORM
Dr Moatshe (Pic:MONIRUL BHUIYAN/PRESS PHOTO) • BB President confirms harassment allegations • Launches an investigation • Disciplinary hearing next week • Moatshe slated for LEA CEO job After having...
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THE PROFILE OF A ‘CAPTURED’ ECONOMY
GABORONE, 12 May 2012, The president of the republic of Botswana Let Gen Seretse Khama Ian Khama hosts more than 100 destitute pensioners from Gaborone at the State House in Gaborone on May 12,2012....
View ArticleINSIDE BOB’S FEEBLE MONETARY POLICY
BoB oversees monetary policy through the Monetary Policy Committee (MPC) which convenes every two months or as and when necessary. The MPC is mandated to ensure price and financial stability through...
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THE BATTLE FOR A BPOPF’S P1.5 BN
Molefe (Pic:Taelo Maphorisa/BWR) Even before the process to appoint the next beneficiaries of the P1.5bn Incubation program, there are already grumblings of discontent. There are some industry players...
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TSHEKEDI-LINKED DIAMOND DEAL CONTROVERSIAL
Monak Ventures (PTY) Ltd, a company owned by Tshekedi Khama, prominent businessman and architect Paul Paledi, one Polite Khutjwe and two international mining investors, Stuart Brown, Chief Executive...
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NDB AND THE STRAINING PURSUIT OF PROFITABILITY
You see, NDB, is not just a Bank. It is much more than your usual profit hungry commercial Bank which will do anything to make money. When legislators established the Bank, through an act of Parliament...
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BPOPF’S PIE COULD ROAST IN KENYA’S HEATING POLITICS
(BPOPF CEO Boitumelo Molefe. Pic:PRESS PHOTO) This week, Kenyan analysts Exotix Capital warned that the sooner a government can be formed in Kenya, the quicker can economic growth be put back on track....
View ArticleBDF’S ‘OBSOLETE’ LANDROVERS ARE HERE
• BDF received first batches of the vehicles • Landrover deal marred by controversy over ‘dying’ vehicle • Khama proponent of the P161m deal • Army forced to take discontinued Defender fleet from UK...
View ArticleINVESTEC, RMB ACQUIRE CHOPPIES DISTRIBUTOR
The Private Equity arms of Investec Asset Management and RMB Ventures have acquired a 72 percent stake in Kamoso Distributor (Pty) Ltd, an umbrella company to ten companies that distributes to Choppies...
View ArticleTURNSTAR FACE OFF TANZANIA AUTHORITIES ON WITHHOLDING TAX
Property titan, Turnstar Holdings Limited may soon be engaged in a tussle with the Tanzania Revenue Authority over claims of withheld tax, the company has announced in its latest annual report....
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NIGEL’S P100 000/DAY ENQUIRY
• Provisional liquidator fees average half a million a week • Legal fees so far more than P4m • Mining experts also engaged to probe BCL The wheels of the BCL enquiry grind slowly, and at around P100...
View ArticleMILLIONAIRES MYNHARDTS FAMILY EXTEND NAP’S LEAD
Bullish counter, New African Properties (NAP) has emerged as the most liquid property company on the Botswana Stock Exchange (BSE) – the third quarter of 2017, helped by one off shareholder...
View ArticleLIBERTY LIFE JOINS THE FIGHT FOR FINANCIAL LITERACY
Liberty Life Botswana has introduced a new financial literacy program named Mind My Money. According to a communique from the life insurer, the program aims to empower its participants to achieve...
View ArticleWORLD BANK PROJECTS INCREASED GDP GROWTH
World Bank Lead Economist, Punam Chuhan-Pole says domestic output in Botswana is projected to grow at around 4.5 percent in 2017, almost double the 2.9 percent in 2016, driven by a rebound in commodity...
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MPHATHI’S LAST FLIGHT TO SUA PAN: HOW MPHATHI WAS DETHRONED
On Wednesday morning or at least before afternoon, one of the most successful parastatal CEOs in the history of the country, Botswana Ash’s no-nonsense man Montwedi Mpathi was inside the Botswana Ash...
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THE MYSTERY OF TSHEKEDI’S MISSING FILES
Deputy Clerk of the Parliamentary Tutu Tsiang has struggled to explain to the Committee on Statutory Bodies and State Enterprises how a Parliamentary report on Minister of Environment, Natural...
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ETUDIANT: PROFITING FROM STUDENT MEDICAL AID
Until recently no medical aid cover existed in Botswana that was specifically designed to cater for students. After going through a traumatizing experience of falling ill whilst still a student owner...
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Delays in BPOPF P1.5 billion kitty Allocation
It has emerged that, faced with scandals in the management of billions belonging to pensioners, the Botswana Public Officers Pension Fund (BPOPF) is yet to make a decision on the P1.5 billion...
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DIS AGENTS AND DRAMA AT BAKANG HEARING
Bakang Seretse Not since former Debswana MD Louis Nchindo was brought before Judge Lott Moroka, has a case been so swathed in drama as the Bakang Seretse saga currently unfolding through the judicial...
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SUCCESSION IN CONSTITIONAL CRISIS?
Masisi’ swearing in and inaguration Botswana is accelerating towards a constitutional crisis, with a complete shutdown of Parliament, if the interpretation of the Constitution, by some legal minds...
View ArticleSUCCESSION IN CONSTITIONAL CRISIS?
Botswana is accelerating towards a constitutional crisis, with a complete shutdown of Parliament, if the interpretation of the Constitution, by some legal minds about the ascendance of President...
View ArticleKGOSI WAS KING
Staff writer TSHIRELETSO MOTLOGELWA reviews the performance of the PAC members as they encounter Directorate of Intelligence and Security Isaac Kgosi The PAC as a committee Watching the Public Accounts...
View ArticleLOST GRIP – THE END OF THE GRIPEN FIGHTER JET
The last two weeks of the Khama presidency was characterized by frantic backroom negotiations, as friends of the Gripen fighter jet deal fought to save it. Botswana Defence Force insiders reveal...
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