The rise of Lucara Diamond Corp
Lucara acquired a majority stake in the AK6 project from De Beers in December 2009, and later bought the African Diamonds stake in 2010 to own the mine 100 percent. Lucara’s latest discovery at Karowe,...
View ArticleConstruction sector at stand still
Economists say the declining revenue cycle could result in the postponement of infrastructural projects in order to contain and curtail government expenditure. Revenue derived for Botswana Unified...
View ArticleResidential property headed for a crash
Gaborone based property experts say the city’s residential market may undergo price correction which will see residents benefiting from a lower accommodation bill for rent or purchase fuelled by an...
View ArticleCresta MD resigns
Group Managing Director (MD) of Cresta Marakanelo group has resigned with immediate effect amid being implicated in financial irregularities at the hospitality outfit. This week, Maria Nthebolan,...
View ArticleChobe Holdings in dispute over newly acquired leases
Top eco-tourism outfit, Chobe Holdings Limited is at loggerheads with the lessor, Botswana Tourism Organisation (BTO) owing to lease clauses that are inconsistent with the invitation to tender...
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Molefe: transforming the BPOPF for the better
Molefe (Pic:Taelo Maphorisa/BWR) Before Molefe was head-hunted to occupy the top seat, BPOPF was a troubled institution. Political intervention with respect to crucial appointments that had no regard...
View ArticleKEBONANG, PAUL SMITH PLOTTED TO LIQUIDATE BCL
Government, in liquidating BCL, overruled the advice of the Minerals Development Corporation Botswana board which has resolved to keep the company under care and maintenance while awaiting the...
View ArticleSMITH – THE WAYS OF A MADE MAN
This week, the board of the Mineral Development Company Botswana attempted to bring CEO Paul Smith to a hearing over what they see as his unsanctioned decision to liquidate BCL against a previous...
View ArticleArticle 8
Not so long ago, Minister of Finance and Development Planning (MFDP) Kenneth Matambo stood at the national assembly and told Batswana that the closure of BCL group will have a minimal impact in the...
View ArticleBDC holds onto KBL, Cresta
The government investment arm, Botswana Development Corporation (BDC) will not sell its stake in Kgalagadi Breweries Limited (KBL) and Cresta Marakanelo Group, as the companies are strategic, Managing...
View ArticleMATAMBO OBLIVIOUS TO GOV’T ABUSE ON LEVIES
Minister of Finance and Development Planning Kenneth Matambo has said that he is not aware of any abuse or mismanagement of any levies or fund by government. Matambo was addressing the national...
View ArticleLOCAL TRANSPORT COMPANIES SUFFER, AS BEE TIGHTENS POLICIES
South African exporters will possibly shun Botswana trucking companies in favour of SA counterparts, influenced by tight Black Economic Empowerment (BEE) regulations which encourage citizen...
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THE DIAMOND MAN WITH A ROTTING FINGER
In September in Paris, France at the official opening of the world famous show the 28th Biennale des Antiquaires Swiss jewelry company De Grisogono hosted an inauspicious event. They had important...
View ArticleWHAT USE IS MOYO’S COMMITTEE
Imagine the brutality that an ordinary citizen, in-fact the barbarity that a wretched pauper in this rich diamond led state goes through should they be found to have stolen a P5 worth of bread, or to...
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LUCARA CEO: In Defence of His Company
The Business Weekly & Review (TBWR): Share with us, the name of a diamond sorter, who first discovered the Lesedi La Rona? William Lamb (WL): Due to consideration for the affected employee’s...
View ArticleWAR ERUPTS OVER 4MS ACQUISITION
Local trucking companies, led by Seabelo Tlhaselo have unleashed a bare-knuckle fight against Transport Holdings, lobbying for the Competition Authority (CA) to reject a the rucking company’s bid to...
View ArticleInflation returns to target band
Since rebasing the Consumer Price Index (CPI) to September 2016 in October last year, which most notably saw an increase in the Transport category weighting, annual headline consumer inflation has been...
View ArticleINSIDE BPC CEO’S P16M SALARY PACKAGE
By December last year, chairman of the board of directors at BPC, Sebetlela Sebetlela inked a contract that welcomed a new Chief Executive Officer (CEO) at the troubled corporation. It was not an...
View ArticleMachinations for Khama’s Retirement Home
In April 2018, President Ian Khama will be leaving office. The BDP in July 2016 pushed through parliament legislation specifically to cater for the current President to be availed a retirement house to...
View ArticleBSE turnover declines
Capital market investors were rather stingy in 2016, trading fewer shares on the Botswana Stock Exchange (BSE) than they did in 2015, leading to a decline in the BSE’s turnover. At least 778...
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