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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...

For De Beers, “megamines” are typically the size of Orapa and Jwaneng, the two local operations which together produce more than two thirds of the diamond group’s annual output which averages above 30 million carats. Known as Tier 1...

Earlier today, Finance Minister, Peggy Serame said as at January 31 this year, the four had spent less than 20 percent of their development budgets. The ministries of Minerals and Energy as well as Lands and Water Affairs had used more than 80...

Writing in her latest report, which was tabled before Parliament last week, Pulane Letebele found that rates arrears owed to councils had risen to P627.8 million in the 2021-22 financial year, from P548.1 million in 2020-21 and P495.2 million in...

Debswana is the producer at the heart of tensions between the state and the global group.Executive Vice-President Diamond Trading, Paul Rowley told Mmegi that the diamond group was not factoring in a possible interruption in supplies as part of risks...

Generally, mineral taxes anchor the country’s tax receipts but for the 2023–24 fiscal year, the customs union revenues will take centre stage, rising to about P25 billion from P14.4 billion in the current financial year.The latest forecasts are...

The central bank argues that freeing up the prime lending rates will “facilitate market competition and fair pricing of credit and other lending products,” although the BoB will monitor implementation and “enforce good business...

In a notice to the Botswana Stock Exchange, LLR directors said a sale deal was being finalised with Shining Sun Investments Proprietary Limited for Moedi House.According to records at the Copyright and Intellectual Property Authority, 51% of the...

According to a notice in the government gazette, the Ministry also wants to zero rate agricultural implements and condoms while exempting private health services from charging VAT. The proposed amendments to the VAT Act come after Finance Minister,...

Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion.Bank of Botswana (BoB) figures released recently indicate that in the first 11 months of last year, the country’s commercial banks raised their net interest...

An analysis of the development budget and how it has been spent in the past few years, does little to raise confidence that Finance Minister, Peggy Serame’s proposed allocation of P12.7 billion for projects, will see each and every thebe go where...

President Mokgweetsi Masisi’s remarks in his home village of Moshupa on Sunday have set the diamond world buzzing, as they hinted for the first time that the 54-year “marriage” between government and De Beers may not be as rosy as has been...

The AfCFTA is the world’s largest free trade area developed under the auspices of the African Union (AU) to enable the free flow of goods and services across the continent. It is estimated that the AfCFTA has the potential both to boost...

Key sectors such as diamonds and tourism, dependent on external demand, will be affected.Speaking during First National Bank Botswana’s post-budget briefing recently, Cairns said an additional concern for Botswana was the uncertainty load-shedding...

The revenues in 2022 were an all-time high for the ODC, the 11-year old wholly government-owned company that is entitled to purchase up to 25% of Debswana’s output. ODC was borne out of the 2011 negotiations between government and De Beers for a...