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Thomas left office on August 14 after five years at the helm and was replaced by her predecessor, William Lamb, who occupied the top seat between May 2011 and February 2018.Her departure has stoked shareholder debate as the high-flying miner enters...

Known formally as the Pension Fund Rule 2 or PFR 2, the NBFIRA (Non-Bank Financial Institutions Regulatory Authority) statute previously required pension funds to invest at least 30% of their assets locally.Under changes to the Retirement Funds Act,...

The traditional rainfall forecast issued by SADC’s Southern Africa Climate Outlook Forum (SARCOF) around this time of year, is likely to be delayed this year, but local experts aren’t waiting. The Department of Meteorological Services plans to...

For commercial farmers in the Mosisedi area, their troubles with the 2022–2023 season began with the rainfall forecast going awry. Last September, the Department of Meteorological Services had forecast “a moderately wet season over the entire...

Matsake is at the forefront of a new farming technology rapidly gaining traction in the country. Hydroponics involves growing plants without soil, by using water and water-based mineral nutrient solutions.By comparison, rain-fed horticultural farmers...

The developments are the latest in an exhaustive bid to revive Pula Steel, the country’s pioneering steel producer. Pula Steel closed in 2017, just two years after it was built at a cost of P130 million, strained by financial and technical...

Annual inflation dropped to a 35-month low in July at 1.5 percent, from 4.6 percent in June, due mainly to the base effects of higher fuel prices in July last year and the June 20 reduction of pump prices this year.However, annual food inflation was...

Retail and consumer data analytics consultancy, Tenoris, this week released a report that, under normal circumstances, should raise eyebrows in the diamond industry.According to the firm, in July, after months of gradually nearing each other, natural...

In a notice to the Botswana Stock Exchange (BSE) on Friday, the bank said its pretax profits for the year ended June 30 are expected to be between 15% and 20% higher, or P180 million to P250 million above the P1.2 billion recorded last year.“The...

For a long time the star performer on the Botswana Stock Exchange’s Domestic Companies Index, Letshego’s share price dropped 10% last year and on July 4, sank to 98 thebe, its lowest level in two years.Thus far this year, the pan-African...

Figures provided by the Bank of Botswana (BoB) during a recent media briefing indicate that while the reserves are recovering, they are still below the healthier levels seen in the years before the onset of the COVID-19 pandemic.As measured by months...

As a wholly state-owned entity, the BDC’s credit rating is linked to government’s own outlook and the related forecasts around the country’s economic performance. In a recent update, Moody’s said the country’s economy was now projected to...

Type IIa diamonds are quite rare making up one to two percent of all natural diamonds and sourced from extreme depths of the earth’s mantle. The diamonds are almost or entirely devoid of impurities, making them of high value in the market.In a...

However, the main contributor to this surplus is the underutilisation of the development budget across various ministries, the latest data from the Finance ministry shows.While higher-than-expected mineral revenues did contribute to the modest...

In February, shortly after the announcement of the 2023-2024 budget, Mmegi published ‘The Difficulty of Spending P13bn in a Year,’ discussing government readiness to utilise their yearly allocation.The P12.7 billion set aside for infrastructure,...