Business

NAP mitigates impact of BCL closure on its profits

Property investment company New African Properties is focussing on the best management practices to sustain the company’s profitability on the back of the negative effects caused by the closure of Botswana Coal Limited mine in Selibe Phikwe. Commenting on the published results for the year ended July 2017, NAP Chairman John Mynhardt and Managing Director Tobias Mynhardt said the company has exposure to Selibe Phikwe which has been impacted by the closure of BCL last year.


3rd November 2017

Liberty launches Business-in-a Box

26th October 2017

Liberty Life Botswana this week launched an exciting reveal, ‘Business-in-a Box’ which is a web enabling system used by agents to capture clients’ information to the system. Business in a Box, a ‘plug and play’ offers a complete suite of services especially useful in peri-urban areas, comprising of a laptop and other data capturing tools such as scanners for bank statements, pay slips, Identity Cards, biometric scanner and a printer amongst other components.

Bank of Botswana cuts the bank rate to 5 percent

26th October 2017

Bank of Botswana’s Monetary Policy Committee has on Tuesday this week reduced the bank rate from 5.5 percent to 5 percent. In a statement from the Committee late yesterday (Tuesday) reads, “the current state of the economy, both the domestic and external economic outlook as well as the inflation forecast, provides scope for easing monetary policy to support economic activity without undermining maintenance of inflation within the Bank’s medium-term objective range of 3 – 6 percent.”

Modernised agriculture is key to sustainable growth

26th October 2017

Botswana fully subscribes to the United Nations Aspiration No.1 of Agenda 2063, which envisages a modern and productive African agriculture that uses science, technology, innovation and indigenous knowledge.

Accounting technicians urged to further their studies

26th October 2017

Association of Accounting Technicians (AAT) graduates have been urged to study further otherwise the job market will not absorb them. Speaking during the Botswana Institute of Chartered Accountants (BICA) AAT graduation ceremony, BICA chief Executive Verily Molatedi said graduates should grab every opportunity and act on it if they have to be successful in life.

Bond market improves in Q3

26th October 2017

The bond market has improved in the third quarter of 2017 compared to the same period in 2016, says the recently released market status report for the period ended September 30th. According to the report by Botswana Stock Exchange, the value of bonds traded during the year-to-date period was P273.0 million compared to P240.6 million traded during the same period in 2016.

Women make strides in business

26th October 2017

Local women entrepreneurs gathered to share their success stories in penetrating the international markets despite the challenges. Speaking during the Lionesses of Africa breakfast seminar hosted by Stanbic Bank Botswana, Sleek Food Founder and Director, Nkata Seleka said running a successful business does not require a lot of money to start but it requires ambition. Her company recently penetrated the international market by winning a tender to supply the Multinational Franchise, KFC with Chakalaka relish.

Sefalana opens new store in Mogoditshane

18th October 2017

…More expected before the year-ends

Minergy upbeat on Masama project

18th October 2017

… More coal resources are discovered

‘Queen Elizabeth II inspired hats a fashion craze locally’

18th October 2017

Driven by the love for hats, Millinery Miller Founder and Director, youthful Keletso Lobelo realised that she can run a sustainable business and also share her skills with other people. She told the Business Trends that she started the business from her own resources assisted by her aunt.

Liberty Life on the age of technology

18th October 2017

This is the age of technology. Digital communication has permeated the entire fabric of social life. Business has not been spared either. Enterprises that will remain a going concern have no choice but to adapt. Liberty Life Botswana’s 2020 Strategy is conscious of this reality.

G4S resolute on growing revenue

4th October 2017

G4S Botswana remains focused on the new strategy to deliver profitable revenue growth for the company despite the tough economic conditions says Managing Director, Mokgethi Magapa. In its half year ended June 2017, the group recorded a marginal increase of 4.5 percent to P16.2 million in profits. Revenue grew by 2, 4 percent to P110.7 million driven by new business across the portfolio.

Shumba turns to low cost power production

4th October 2017

Shumba Energy Chairman Alan Glegg says they continue to focus on low cost of production to drive and sustain power production to supply the regional industrial market as the international market is heading for deficit within three to five years. Commenting on the company’s financial report, Clegg said as the Southern African Power Pool (SAPP) continues to hold a major net deficit of over 30GW and older power plants are closed down, there is a need to cover the deficit.


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