The government is secretly planning to “starve” public servants by slowing down the pace of spending on their wages and salaries, information pieced together by the Sunday Standard shows.
SUNDAY STANDARD reporter TLOTLO LEMMENYANE recently joined other business reporters in a media site visit of Small to Medium Enterprises (SMEs) that have previously received assistance from the Local Entrepreneurial Authority (LEA). She profiles some of the central district-based entities.
LALLA VILLA GUEST HOUSE
The number of jobs in the formal sector increased by one percent from 341 115 in September 2015 to 344 490 in September 2016 according to the latest Bank of Botswana (BoB) Annual Report.
The growth, according to the bank, is attributable to a slight increase in the number of private sector employees, especially in the construction sector.
De Beers Group of Companies says it is optimistic on the group’s outlook of the diamond industry market globally as there are signs of recovery.
Construction of the long-awaited 39-kilometre Tshesebe Masunga road in the North East District will finally be implemented this financial year at a cost of P400 million.
“The Story of Israel's economic miracle” is a 2009 book by Dan Senor and Saul Singer about the economy of Israel. It examines how Israel, a 60-year-old nation with a population of 7.1 million, was able to reach such economic growth that at the start of 2009, some 63 Israeli companies were listed on the NASDAQ, more than those of any other foreign country.
The Botswana government has been called to ensure that communities suffering the negative impacts from mining also benefit specifically from mineral development in their areas.
The pan-African financial services provider, BancABC Botswana, has attracted local talent by appointing Kgotso Bannalotlhe the substantive Managing Director (MB) Botswana.
BancABC’s latest big-fish catch is the former Barclays Bank Botswana Head of Corporate and Investment Banking.
Government investment arm, Botswana Development Corporation (BDC), has launched a P36-million factory development which houses Kromberg and Schubert, another player in the Botswana manufacturing space.
Kromberg is said to be a significant international player in the development and production of complex wiring systems for the automotive industry, with over 115 years in the market.
“POSH BUT POOR”, this could be one’s short description of the perils of Botswana’s impoverished middle class.
Past and recent global reports on wealth and equity distribution have documented the growing rates of impoverishment of the middle class in this country, once described as “Africa’s shining example”.
Farouk Ismail, one of the majority shareholders in Choppies Limited has changed his role at the leading fast consumer goods group of companies, from executive to non-executive director.
Although the board of the group has confirmed the latest development, little has been said about the reason behind the change.
De Beers last week announced that it was leading a ground-breaking research project that intended to deliver carbon-neutral mining at some of the company’s operations in five years’ time.
The project aims to quicken what is already a naturally occurring and safe process of extracting carbon from the atmosphere and keeping it at a speed that could offset man-made carbon emissions.
Some months after government announced its intention to take a positive move in resuscitating agriculture by subsidising Napier grass with a view to provide feeds for dairy farmers, some progress is experienced, albeit at snail pace. Farmers seem determined to change their farming tactics.
Fireworks are expected at the looming Public Accounts Committee (PAC) as government ministries and departments go under the spotlight notably the Directorate of Intelligence Security Services (DIS), Independent Electoral Commission (IEC), Ministry of Health and Wellness and Ministry of Environment, Natural Resources Conservation and Tourism among others.
Whilst highly rated Wilderness Holdings is expecting to record lower profits for the year ended February 28, 2017, its competitor, Chobe Holdings Limited says its results for the same period are likely to be significantly higher than those achieved in the corresponding period in the prior year.
The Chief Executive of Russian miner, Norilsk Nickel, Michael Marriott, has accused Botswana of undeservedly earning international accolades relating to investment and credit ratings.
Part of privatisation of the national carrier, Air Botswana is at an advance stage as government has shortlisted two local companies and one international airline company.
This publication can reveal that the South Africa-based Airline Company, CemAir (Pty) Ltd has made it to the short listing to partner with Air Botswana.
Botswana is seen in the list of top performers on the African continent. The 2017 African Competitiveness Report which was released on Friday last week at the backdrop of the World Economic Forum (WEF), the world’s august economic gathering which had attracted 1 000 global leaders, put Botswana at number four out of top 10 African countries.
Botswana Development Cooperation (BDC) has been caught up in a conflict of interest after it engaged an attorney that had represented Botalana Ventures (Pty) Ltd when the former applied for the liquidation of the latter.
Following an out of hand response from the Assistant Minister of Agricultural Development and Food Security Kgotla Autlwetse in the recent Parliament sitting over the ownership of feedlots contracting with Botswana Meat Commission, opposition Member of Parliament Noah Salakae has named of some of the owners with a long history with the ruling party.