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According to the Auditor General’s latest report, which covers the year to March 2021, BMC owed government P248 million while the national airline was on the hook for P230 million and BotswanaPost P140 million.In all three instances, the loans were...

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

Statistics Botswana figures released earlier today show that the reduction in annual inflation between January and February was largely due to base effects related to price increases in February 2022.In an update, Statistics Botswana noted that major...

The performance for the second auction of the year is however 24% lower than the values sold at the corresponding auction last year, a trend that largely reflects stronger than average pricing and demand last year. New CEO, Al Cook said demand...

Grit, a Mauritius-domiciled entity with roots in London, at one point was the second largest shareholder in LLR with 30% equity, second only to the founding shareholder, the Botswana Development Corporation (BDC) with 40%. However, the real estate...

The decision announced on Tuesday evening came as the more than 300 workers employed by mining contractor, Jarcon Opencast Mining Botswana, downed tools at the mine ahead of a retrenchment planned to take effect on March 31."As with many...

The Financial Action Task Force (FATF), the world’s leading anti-money laundering organisation, recently greylisted South Africa citing deficiencies in the country’s ability to prevent the flow of dirty money in its systems. The FATF greylisted...

According to figures released by the Botswana Communications Regulatory Authority (BOCRA), Mascom’s share of mobile phone subscriptions in the country slid to 43% in the year to March 2022, compared to a five-year peak of 55% in the year to March...

CEO Morne du Plessis confirmed the latest developments in a statement released this evening. The move will affect more than 300 workers employed by mining contractor Jarcon Opencast Mining Botswana."As with many businesses, when structural...

Finance Ministry Peggy Serame wants to be clear that she is not “naming or shaming,” but “indicating performance,” as she shares a summary of how the various ministries have thus far spent their development budget allocations for the 2022/23...

Jarcon Opencast Mining Botswana, which has conducted mining operations for Minergy since 2019 when Masama Mine began operating, is reportedly owed tens of millions of pula by the Botswana Stock Exchange-listed company for its services.Jarcon has...

In a statement last Tuesday, bank officials said the innovation, known as Toro Loan, was a first for Botswana and part of moving towards a more digitised future as banking trends and customer needs demand greater agility and innovation.Digital...

Industry insiders who spoke to Mmegi this week said the mammoth expansion planned for Jwaneng would become the deciding factor in the final terms of the agreement the two partners are hammering out ahead of their agreed June deadline.Since 2018,...

Khoemacau, currently the country’s sole producer of copper, put out its first concentrate in June 2021 and has now ramped up to full processing capacity of 3.65 million tonnes per annum, which could yield output as high as 65,000 tonnes of copper...

Besides these products, the ministry plans to zero-rate VAT on cooking oil, Liquefied Petroleum Gas, white bread as well as ginger and leguminous vegetables. Under amendments to the VAT Act due in Parliament soon, a range of agricultural inputs that...