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30 Oct 2006

Furnmart, the furniture listed company, beat analysts expectation with its full year results with a 34 percent net income growth amid concerns that its regional expansion drive would eat on the bottom-line.

30 Oct 2006

MRI, the medical and emergency services on the stock exchange, dumped its embattled chief executive officer, Phillip Makgalemele, in a desperate move aimed at stopping financial bleedings.

Impeccable sources told Sunday Standard last week that the board has declined to renew his contract, which comes to an end in December citing its unhappiness over his performance during his tenure.

30 Oct 2006

Barclays Bank of Botswana, the giant retail bank in the country, is to call a special AGM in the next four weeks where it will ask shareholders to approve the proposed share split given thumps up by the stock exchange.

The move, which is expected to give retail investors a window to plug into the financial market, will be on a ratio of five-for-one.

30 Oct 2006

Loftus Ndzinge, chairman of Investec Asset Management, called for skilled development in the pension industry on Thursday, as the portfolio breached the P25 billion mark.

Speaking at Investec Asset Management’s tenth anniversary, Ndzinge said the bulging of the industry “ has created skills gap” and there was an urgent need to develop local capacity to meet the challenges.

30 Oct 2006

Botswana Telecommunication Authority (BTA) has engaged experts in telecommunication matters to assist in the development of a new telephone numbering policy and to work on the telephone numbering User’s Guide for Botswana.

30 Oct 2006

Botswana Investment Fund Management (Bifm)’s funds under its control bulged to P 11 billion to September this year, as it is supported by technology and media shares across Europe and hedge funds investments.

30 Oct 2006

Botswana is set for an artificial budget surplus triggered by diamond production and the crawling peg between the pula and the US dollar, a research has shown.

30 Oct 2006

The number of Batswana who are now turning to the stock exchange for investment purposes jumped up by 300 percent year-on-year as they try to take advantage of the buoyant equity market, brokers said last week.

The move comes at a time when the markets are on their high, largely pushed by banking stocks and other consumer stocks.

24 Oct 2006

The International Association of Chiefs of Police (IACP) has recommended that governments should develop and provide information technology training in forensic, crime and disaster scene investigations.

24 Oct 2006

“Communication will transform the Siamese twins into triplets”

An unholy war has been allowed to ferment between three most inseparable legally equal entities in the productivity triangle. This war is being waged and fortified within this love triangle comprising of the government, the employer and the worker.

23 Oct 2006

A few months ago Tlokweng police officers found themselves saddled with a very difficult case. Two villagers walked into the charge office and filed a complaint that they had been assaulted by a Botswana Defence Force (BDF) patrol team.

23 Oct 2006

Sex workers filled the court room.

Thirteen sex workers, ranging in ages from 20 to 36, were this Friday arraigned before the Urban Customary Court President, Kgosi Dikwalo Monametsi, to answer to charges of idling and disorderly conduct.

23 Oct 2006

Zimbabweans are being searched out and flushed out of some villages in Botswana – this emerged in a shadow report by the Ditshwanelo Human Rights Organisation to the United Nations Committee on elimination of racial discrimination presented earlier this year.

23 Oct 2006

Cabinet has renewed the contract of CEDA (Citizen Entrepreneurial Development Agency) Chief Executive Thapelo Matsheka.

Dr. Matsheka’s contract expired in February this year but competing interests inside cabinet and at the Ministry of Finance locked on a standoff, with one side calling for his contract renewal and the other opposing the move.

23 Oct 2006

Army role in civilian policing expected to grow further under Khama’s presidency

Next time you phone the nearest police station to report a break in there is a good chance that you may have gun toting Botswana Defence Force officers showing up on your door step, instead of police officers.

23 Oct 2006

Confidential government report posted on internet Accusing finger points at Survival International, First People of the Kalahari Government condemns the leak

The Ministry of Foreign Affairs is searching for answers following the “leakage” of a confidential government report which was posted on the internet this week.

23 Oct 2006

Kedirile Rametsana, 31, from Mputswe Ward in Mogapinyana but currently of Bontleng in Gaborone, was this Friday arraigned before the Urban Customary Court President, Kgosi Dikwalo Monametsi, charged with common nuisance. He pleaded not guilty to the charges.

23 Oct 2006

Godfrey Ndaba, 25, from Muthombo Ward in Nlaphwane, this Friday pleaded guilty to stealing a Nokia 1600 cellphone worth P600 on May 4, 2006 at the University of Botswana campus.

23 Oct 2006

A 26-year-old Security Guard this Friday left the Urban Customary Court in tears after he was sentenced to five lashes and one year in jail for common nuisance.

David Thobukwe, who is from Ramagapane Ward in Kopong, pleaded guilty to the charges after he was arrested by the Central Police for insulting Otlaadisa Oabile, who works at Botswana Post.

23 Oct 2006

As part of Vision 2016 awareness month activities for this year, the Botswana Housing Corporation (BHC) last Tuesday joined other corporate entities in the country by contributing fifty-one duvet inners, fifty-one bed covers, six single beds and some bed-clothes to the Motswedi Rehabilitation Centre, a Dutch Reformed charitable school for handicapped pupils in Mochudi.

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