Business

Debeers anticipates positive outlook for 2018

Jwaneng’s first ore from Cut-8 which was processed last year June is expected to become the mine’s main source of ore during 2018, enough to produce up to 91 million carats of diamond. Speaking at the recent Financial Overview for 2017 in Gaborone last week, the Executive Vice President of Global Sightholder Sales at DeBeers, Paul Rowley said the year is for the undertaking as they have set a production target of as high as 36-million carats for 2018. In its 2017 results announcement the Anglo American subsidiary reported a production guidance of 34-million carats to 36-million carats, which compares with 33.45-million carats produced in 2017. “Improving global macroeconomic conditions remain supportive of consumer demand growth for polished diamonds in 2018,” Rowley said, although it noted that the degree of global economic growth would be dependent on a number of factors, including the extent of the positive impact on consumer spending growth from US tax cuts.


2nd March 2018

Crazy store opens in Game City

2nd March 2018

South Africa’s largest discount variety chain, Crazy Store has opened its second store at Game City Shopping Centre in Gaborone. The store, which opened its doors on Friday 16 February, is 173m2 of shopping space in one of Gaborone’s busiest and most well-established shopping centres. The shop sells over 18 core categories including; toys, candy, gifts, plastics, party, stationery, kitchen, bathroom, baby, bleaning, garden, pets, hardware, games, personal care, books, fashion and outdoor to choose from.

Kasane Airport to enhance tourism, trade, investment

2nd March 2018

The recently launched complimentary Wi-Fi access at all Botswana international airports is expected to close the gap that existed as a result of lack of free internet service. The project, a brainchild of the Botswana Investment and Trade Centre (BITC) in collaboration with Botswana Fibre Network (BOFINET), was launched at the occasion of the Civic Aviation Authority of Botswana (CAAB) official opening of the Kasane International Airport last week in Kasane.

Kasane Airport to enhance tourism, trade, investment

2nd March 2018

The expanded Kasane International Airport that was officially opened by Civil Aviation Authority of Botswana (CAAB) is expected to facilitate an increase in the number of tourists. Measuring 7 800 square metres, the new terminal building is 500 percent bigger than the original terminal which stood at 1300 square metres. The refurbishment includes the construction of a new Air Traffic Control Tower comprising four levels; the refurbishment of the Fire Station, Technical Building, and the Police Station at the total cost of P430 million. Speaking at the occasion, President Ian Khama said in 1999, the Kasane Airport terminal building handled 30 674 passengers, a number that has now increased to 96 975 - an overall growth of over 68 percent.

Businesses urged to embrace diversity in age, gender, and ethnicity

2nd March 2018

The International Business Report conducted by Grant Thornton indicates that there is a need for diversity in businesses in age, gender and ethnicity. The report indicates that in Botswana, 58 percent of businesses believe ethnic diversity is important to their success, while 40 percent of businesses in other countries believe ethnicity is important for their growth, and 14 percent are taking action to improve the diversity of their senior teams According to the report, many businesses globally are missing out on opportunities because of a lack of diversity in senior leadership teams. “This means that a business does not necessarily reflect the markets or communities in which they operate, and it could be holding them back,” states the report. About 2 500 business leaders in 35 countries were captured in this report.

Kenewendo says business outlook is positive

2nd March 2018

Specially elected Member of Parliament Bogolo Kenewendo has encouraged businesses to start 2018 with a sense of optimism, saying projections for the year and beyond look positive, and likely to entail more opportunities to grow business. “Many observers expect stronger growth in 2018 International Monetary Fund is estimating 2017 global output at 3.7 percent and forecast for 2018 has been revised to 3.9 percent,” she told last week’s ever Barclays Bank Economic Outlook forum 2018. She said Sub Saharan Africa is expected to grow at 3.3 percent this year.

Bots, Zim explore trade opportunities

14th February 2018

Top government officials from Botswana and Zimbabwe as well as captains of industry from both countries this week embarked on a journey that is expected to see the countries taking advantage of trade and investment opportunities that exist between the two. Though Zimbabwe is said to be one of Botswana’s leading trade partners in the region, there has been a decline in trade between the two countries in recent years.

BITC signs MoU with ZimTrade

14th February 2018

Botswana Investment and Trade Centre (BITC) has signed a memorandum of Understanding (MoU) with ZimTrade. The MoU is expected to strengthen the relationship between the two parties and the private sectors of both countries. It is also expected to facilitate collaboration and cooperation between both BITC and ZimTrade in matters of common interest. According to the BITC, the MoU will also establish a working arrangement necessary for the implementation of trade relations between public and private sector institutions and operators in sectors to be mutually agreed on with a view to expand trade and economic cooperation between the two countries. The Mou was signed this week by Acting CEO of BITC, Keletsositse Olebile and Acting CEO of ZimTrade Norman Savado.

BSE braces for listings conference

14th February 2018

Botswana Stock Exchange (BSE) has unveiled four main sponsors for this year’s Listings Conference that is scheduled for March 8. The four are; Botswana Insurance Holdings Limited (BIHL), Choppies, Monthe Marumo Attorneys and Rantao and Kewagamang Associates. Chief Executive Officer, Thapelo Tsheole said ahead of the March conference that they are working hard to raise awareness about the stock market in order to attract companies to the bourse.

Premier Clothing awarded ISO certification

14th February 2018

Botswana Bureau of Standards (BOBS) has awarded Premier Clothing (Pty) Ltd Botswana an International Organisation for Standardisation Certification (ISO 9001:2015). Premier Clothing is the leading manufacturer of Work wear, Corporate wear, uniforms and PPE in Botswana. Since its establishment in 1982, Premier Clothing has been supplying Botswana from individual level to the different sectors of the workforce including; ministries, government departments, local district councils, the military, police and mines with high quality uniforms, protective clothing and work wear.

Youngster explores photography as business

14th February 2018

Ontlametse Mokhwela of Bob Photography says photography is still a new business in Botswana that he dreams to take to the next level. He believes that though it creates opportunity for business not everyone with a camera will succeed in photography business. The 22-year-old says that photography requires so much passion. “Everyone can do photography but on the other hand, it requires different strategies and different styles to make a photographer unique, while presenting their different work,” he says.

PPADB fights corruption in procurement

14th February 2018

 Batswana have been called upon to take an active part in fighting corruption in tenders by reporting suspicious conduct. Since December 2017, PPADB has received four tip off reports trough their Tip-off Anonymous Service; all of which are under investigation; Business trends has learnt. The service that was launched last year in July has a proven track record in preventing and fighting corruption. It is currently implemented through a third party, Deloitte. In an interaction with the media on Monday, the Executive Chairperson of PPADB, Bridget John said corruption thrives on secrecy.

Marketing is not advertising

14th February 2018

More often than not, many people confuse marketing for advertising and vice-versa. Every business, small or large, need these departments. While some companies combine the two as one department, others separate them. Marketing is the process of preparing a product for the marketplace, while advertising refers to the process of making a product known to the marketplace. Take heed of these two key words because they differentiate one term from the other; preparing and known. To break it down, to prepare is to make something ready for use or consideration. I will accompany this with a relatable example; before you can eat food, first you have to cook it, and by cooking it you are preparing it for consumption.


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