Last Updated
Friday 03 July 2015, 18:03 pm.
Government to regulate traditional beer

Governemnt will start regulating the production and sale of traditional beer before the end of this year, Trade and Industry Minister, Dorcus Makgato told parliament yesterday.
By Staff Writer Sun 05 Jul 2015, 04:40 am (GMT +2)
Mmegi Online :: Government to regulate traditional beer








" [A] decision has been made to regulate traditional beer under the Liquor Act as opposed to the Local Government/Township Act. The draft regulations will be submitted to Cabinet for approval this month," said Malesu. She said that it took long too draft the regulations because government had to consult with stakeholders.

Malesu made the revelation when requesting budget approval for her ministry's share of the national budget for 2010-11 financial year. Other initiatives that the minister intends to introduce are the review of the Consumer Protection Act of 1998 so as to strengthen consumer protection and curb unfair business practices. "In the meantime, my ministry will undertake market price surveys and publicise them with a view to simultaneously promoting price competition among businesses and raising awareness among consumers in light of escalating food prices," she said

Discussing investment attraction, Makgato-Malesu, a former Chief Executive Officer of Botswana Export Development and Investment Authority (BEDIA) said that the recession has been a barrier in attracting more investors to the country.

She said the cumulative capital investment since the commencement of 2009/10 financial year stands at P291.1 million against a target

of P600 million. "A total of 492 jobs created against a target of 3,000 jobs for the year under review. "We anticipate that once the global economy recovers this will improve," she said.

Gaborone South MP Kagiso Molatlhegi, whose constituency includes Bontleng and Old Naledi welcomed the idea saying shebeens need to be regulated as a matter of urgency, adding that there is too much noise pollution in his area because such businesses are not uncontrolled.

Adding his voice to the debate Gaborone West South MP, Botsalo Ntuane criticised government's stance on alcohol saying it was antisocial. However he welcomed the Gaming and Gambling Bill that will be presented before end of this year and said it was long overdue.

Ntuane said he hopes that the bill will relax existing laws to allow for a lottery in the country. A lottery, he said, encourages responsible gambling because a person will not need to go to a casino with huge sums of money.  He suggested that the proceeds should be directed to a charity cause, improvement of sports and other important issues to reduce the burden on government.



Exchange Rates
FOREIGN EXCHANGE: Friday, 03 Jul 2015
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   9.9404
1 GBP = Pula   15.5280
1 EUR = Pula   11.0254
1 YEN = Pula   0.0808
1 ZAR = Pula   0.8093
1 Pula = USD   0.1006
1 Pula = GBP   0.0644
1 Pula = EUR   0.0907
1 Pula = YEN   12.38
1 Pula = ZAR   1.2356
Stock Exchange
STOCK EXCHANGE: Friday, 03 Jul 2015
DOMESTIC STOCKS
BARCLAYS
427
BIHL
1390
CHOBE
568
CHOPPIES
482
CRESTA
95
ENGEN
820
FNBB
393
FSG
255
FURNMART
163
G4S
350
LETLOLE
221
LETSHEGO
320
NAP
239
OLYMPIA
20
PRIMETIME
281
RDCP
230
SECHABA
2850
SEFALANA
1203
STANCHART
1267
TURNSTAR
261
WIL
465
IMARA
274
  • Previous
    Terminator Genisys Poster
    Next
    Masa Centre
    ::: Friday 03 Jul - Thursday 09 Jul :::
    Terminator Genisys
    Magic Mike XXL
    San Andreas
    Ted 2
    Jurassic World
  • Previous
    Terminator Genisys Poster
    Next
    Riverwalk
    ::: Friday 03 Jul - Thursday 09 Jul :::
    Terminator Genisys
    Ted 2
    San Andreas
    Inside Out
  • Previous
    Magic Mike XXL Poster
    Next
    Gamecity
    ::: Friday 03 Jul - Thursday 09 Jul :::
    Magic Mike XXL
    Terminator Genisys
    San Andreas
    Ted 2
    Inside Out
    Jurassic World
Selefu
Traffic Police