Business

KFC acquisition above board, says Dixon-Warren

Local companies have raised concerns over the liquidated KFC franchise in Botswana, which has been acquired by South African company, Baobab Khulisani. In November last year, Bradlymore, a joint venture company between Vivo Energy and Baobab Khulisani South Africa, acquired KFC Botswana from the liquidator, Nigel Dixon-Warren.


29th January 2018

Mathubudukwane hosts Dinokeng Business Expo

29th January 2018

The annual Dinokeng Business Expo this year will take place over two days from June 29 to 30 owing to the fact that one day could not accommodate all planned expo activities.

Prime Time upbeat on prospects for 2018

17th January 2018

Property Development Company, Prime Time sees prospects of good returns in 2018 with focus on its retail segment. The company Managing Director Alexander Kelly and Chairman Petronella Matumo said they are looking forward to Pilane Crossing Mall becoming a successful retail centre as tenants have now occupied the space. “In Botswana we look forward to Pilane Crossing becoming a successful retail centre, that it was originally envisaged to be,” states Kelly and Matumo. For its Botswana market, the company started construction at Setlhoa plot with a retail park concept for the home décor and design sector.

RDC buys property worth over R300m in Cape Town

17th January 2018

RDC, a Botswana listed company, announced Monday that it has purchased ‘The Edge’ building in Cape Town for a price of R300 million plus acquisition costs, through its investment in Capitalgro. Capitalgro is a Western Cape property loan stock company registered in South Africa and structured to hold commercial property for the benefit of its shareholders. The Chairman of RDC, Guido Giachetti also sits as one of the directors of Capitalgro.

Emotional intelligence key to financial health

17th January 2018

Experts say money and emotions are inter-connected therefore it is important to master the skill of bringing a balance between the two. Calvin Investment Founder and Financial Expert, Calvin Phokontsi says that if one can control their emotions, they can control their money. “Fail to control your emotions, fail to control your money. Mind your emotions, mind your money,” he says. The financial expert who runs a financial advisory firm says generally three percent of an individual’s life comprises of academics, 90 percent - emotions and seven percent natural or motivational influences.

Letlole La Rona buys Mahalapye’s WaterShed Mall

17th January 2018

Public property investment company, Letlole La Rona (LLR) announced that the acquisition of WaterShed Mall in Mahalapye will provide it with an opportunity to diversify its retail portfolio and increase it to 25 percent. In a statement LLR states that it has entered into the sale agreement with Jus Posh Investment for the acquisition of the retail property, which includes all land, buildings and improvements of Watershed Piazza mall. “The transaction further provides LLR with a growth opportunity and will enhance the company’s earning and in turn improve distribution to unit-holders,” reads the statement.

Women furniture manufacturers take industry by storm

17th January 2018

Three young ladies, Ntebaleng Shatani, Kamogelo Order and Marriam Moloi formed a joint business to utilise their skills and create employment for other young people. Their company Super Ideas (Pty) Ltd specialises in manufacturing and maintenance of couches, sofas, chest of drawers, coffee tables and other furniture. They also repair damaged furniture. In an interview with the Business Trends, Shatani said they started the business because they had passion for running a business and they wanted something to do to earn a living because they were not working.

Shumba secures new coal supply contract

22nd November 2017

Shumba Energy has penned a three year coal supply contract which shall see the company supply over 20,000 tonnes of washed coal to a regional consumer who has not been named. According to the emerging coal explorer, the coal will be supplied trough the company’s coal trading division which was established two years ago. The deal will ensure sustainable revenue for the BSE quoted company, which recently listed in the main board.

Computer engineer makes fashion accessories to survive

22nd November 2017

Five years after waiting to employed, Crafts Café founder, Boikhutso Salang transformed her hobby into a sustainable business venture. She designs and manufactures handbags, bracelets, neckpieces, peplum belts and other fashion accessories with an African print material. She started the business in 2015. In an interview with Business Trends, Salang, 31, explained that growing up, crafts and sewing were her passion but she never thought it could become her job. She has a degree in Computer Engineering and Software Development.

Furnmart buoyant about the future

22nd November 2017

Botswana’s leading furniture group is confident about the company’s future performance more especially after shutting down some of its loss-making units in the last couple of months. Towards the end of last year, the BSE listed company started a restructuring process in some of its operations. The Zambian subsidiary, which has been making losses, was the main target. The result has been the closure of all stores in the copper-rich country.

Local Universities advised to partner with businesses

22nd November 2017

Botswana universities and colleges have been challenged to forge business partnerships with local businesses. Tony Elumelu Foundation (TEF) Chief Executive Parminder Vir Obe was in Botswana last week where she urged institutions of higher learning in the country to form relationships with businesses and share knowledge of common interest. She stated that lot of big businesses and corporations sometimes stop innovating and it is the young entrepreneurs and university graduates who can see gaps in the industry and proffer solutions.

Tsena.bw: Taking digital communication to another level

22nd November 2017

While storytelling is not the only way to engage people with ideas, it’s certainly a critical part of the recipe. A notion that we all grew up with as children from different parts of Botswana and these stories will go a long way as long as we keep telling and sharing them with the world. From our achievements during the Netball World youth Cup, where we have seen all Batswana, blue, black and white coming together as one to support Dinaletsana, from the impacts of the students who died during the Matsha ordeal, to the celebrations of cities and towns that have lived for over 120 years – to sharing our historic heritage as a people, our country’s stories will always remain best told by our people to the outside world.

Botswana Post cuts losses

22nd November 2017

Botswana Post has taken a positive turnaround performance in the revenue streams despite the negative impact brought by the use of technology tools. In its year ended March 2017, the organisation has reduced its loss position by 51.9 percent to P12.9 million compared to P27.4 million recorded last year. In its 2017 annual report Botswana Post Chief Executive, Cornelius Ramatlhakwane said the parastatal have managed to expand its revenue base despite the fact that the mail business has taken a large hit during the period. Mail revenues declined by 9.1 percent as many of our large institutional clients such as commercial banks and government agencies have migrated to electronic platforms. “We at Botswana Post see this setback as temporary.


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