Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Gov’t confident as P30bn synfuels project gathers pace

    Known as Ikaegeng XTL (Coal-to-Liquid), the ambitious synfuels project aims to use the billions of tonnes of coal lying untapped in the country to produce various petroleum fuel products for domestic use.Botswana Oil expects that the envisaged plant...

  • BURS plans e-billing to cut VAT fraud

    Already in use in some countries in Africa, the VAT e-billing system involves digitising the tax invoicing system to allow live updates of transactions to the tax agency.At present, the BURS estimates that it is losing between 30 and 50 percent of...

  • Millions of Pula slipping through GCC’s outdated rates roll

    While the GCC has failed to update the valuation roll since 2008, it also faces a cash crunch that earlier this month was estimated at a deficit of P47.3 million. The valuation roll currently used by the local authority contains 55,000 properties and...

  • Budget records first surplus in six years

    Figures shared by the Finance ministry this week indicate that the rebound in mining activity, particularly around diamonds, helped the budget recover to a surplus from a steep P16.4 billion deficit in the pandemic-hit 2020–21 financial...

  • Inflation declines but pain persists

    Inflation dropped to 13.8% in September, from 14.6%, largely due to the fuel price decrease effected by the Botswana Energy Regulatory Authority early last month.However, a breakdown of inflation by Statistics Botswana suggests that the reduction in...

  • Food imports reach P7.8bn

    Comparisons with the trends over the same period are difficult to make as data for two months in 2021 is missing.However, numbers made available this week by Statistics Botswana indicate that from a figure of P871.4 million in May, the country’s...

  • Gov’t ups ante against speculative mineral explorers

    At present, historical and updated information about the country’s mineral resources is stored physically, slowing down the processing of mineral rights applications as officers have to manually check records.The manual system also provides a...

  • BURS presses ahead with contested 'track and trace' system

    The track and trace system involves placing a biometric imprint on all alcohol and tobacco products as they are manufactured or imported into the country, allowing the BURS to check that the correct tax revenue is being paid and that the products are...

  • Alcohol industry rages at BURS tax stamp

    Earlier this year, Authentix, a Texas-based authentication firm, was chosen by the Botswana Unified Revenue Service (BURS) to provide a “fiscal marking and inventory solution,” under a 10-year contract for a service known informally as 'track...

  • Gov’t sticks to its guns on veggie import ban

    The cream of South Africa’s farming industry met on Thursday in Pretoria discussing challenges affecting the industry. While not appearing on the agenda and not mentioned officially by the speakers, the matter of the ban on certain horticultural...

  • BoB fines banks for violations

    According to the Banking Supervision Annual Report 2021 the BoB released recently, penalties of nearly P86,000 were made against three banks for violations, while another bank was asked to show cause why a fine of P100,000 should not be levied...

  • IMF further cuts forecast for Botswana

    Last October, the IMF’s eagerly anticipated report, the World Economic Outlook (WEO) projected the local economy would expand by 4.7 percent this year, before cutting this to 4.3 percent in April due to the effects of Russia’s invasion of...

  • BSE offers discounts for green bond listings

    With P70.7 billion or 61% of the country’s pension funds invested offshore as at May, the local bourse believes an opportunity exists for these funds to return home and help meet the country’s sustainable development projects, including those in...

  • Is Lesotho turning the corner?

    The achievement by the six-month old Revolution for Prosperity (RFP) is a rare occurrence in a country where fragile political coalitions have caused political instability and violence in recent years, occasioning the intervention of SADC and...

  • BSE liquidity on the rise

    according to a report emailed this week, the BSE recorded equity turnover amounting to P882.3 million between January and September 30, representing a 91% increase from the same period last year and a 64.3% jump from the corresponding period in...

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