Author

Mbongeni Mguni
Financial Journalist

Twitter: @MboBW

Email: [email protected]
  • Antwerp U-turns on diamond single node

    In a statement yesterday, the Antwerp World Diamond Council (AWDC) which is acting as the G7’s industry representative and expert, said a workable traceability system was important for all parties. The Council said it was critical that the trade of...

  • Deadline looms for BHP in Anglo deal

    According to the Takeover Code, BHP has until 1700hrs British time to make a substantive offer to Anglo, a principle known as “put up or shut up”. The Code is governed by the Takeover Panel, a British-based independent organisation which...

  • Jwaneng underground to proceed, Vows De Beers CEO

    De Beers’ CEO, Al Cook, told The Monitor the diamond giant was determined to deliver value for its stakeholders, who include partners in Botswana.“The announcement regarding the separation between De Beers and Anglo American opens up new...

  • El Nino-hit Southern Africa launches $5.5BN humanitarian appeal

    In a communique issued after eight Southern African Development Community heads of state met virtually, the regional organisation noted that El Nino had caused drought and floods across Southern Africa affecting 61 million people.The last time SADC...

  • Market study due for 5GW solar project

    The mega solar project will be Southern Africa’s largest solar power project and the first of its kind on the continent, involving collaboration between two countries and multiple continental and international agencies and partners.Botswana,...

  • Anglo, De Beers face billion-dollar diamond shake-up

    Meanwhile, Australian mining giant, BHP, has separately moved towards a $39 billion (P540 billion) offer to fully take over Anglo American. At present, the deal includes De Beers and involves as yet unclear implications on the country’s ongoing...

  • Anglo exit: What it means for Botswana

    This morning, Anglo American – which became De Beers' 85% equity investor in 2012 when founding family – the Oppenheimers divested – announced that it was looking to exit its investment in the diamond group as part of a strategic review of...

  • TransUnion sees more debt pressure on consumers

    TransUnion has over 13,000 associates operating in more than 30 countries, including Botswana, Kenya, Malawi, Namibia, Rwanda, South Africa, Eswatini, and Zambia.Kabelo Ramaselwana, country manager at TransUnion Botswana, told BusinessWeek several...

  • Anglo eyes De Beers exit

    Anglo holds 85% in De Beers, with the other 15% held by the Govt of Botswana.The statement by Anglo this morning, follows weeks of pressure by global mining group, BHP, which is pushing to buy Anglo. Anglo, which has rejected all bids, yesterday said...

  • MDCB proposes two-tier royalty system

    The MDCB is the state minerals investment agency and government’s chief policy advisor for the sector.At present, mineral royalties payable by mines in the country range from three to 10% annually and are levied on the gross market value of...

  • SA counts the costs of veggie import bans

    South African agricultural economists estimate that the value of the country’s vegetable exports to Botswana dropped by 55% in 2022, the first year of the partial horticultural import ban imposed by Gaborone to boost local production.The figures...

  • BoB expects softer inflation despite risks

    The central bank projects that inflation will temporarily trend below three percent, before moving into the three to six percent objective range from the third quarter of the year, into the medium term. Inflation in April is expected to drop to 2.3...

  • Drought dampens the party as P360m pumped into Temo Letlotlo

    The numbers are in and it looks bad for the country’s harvest.After an El Niño-ravaged cropping season in which rains in February dropped to a 40-year low, the country’s farmers are facing a steep fall in harvest.“The country is experiencing...

  • Capital market captain sails to new shores

    Mmegi: Briefly, take us through your career, specifically what led you to choose the capital market as a career choice?Tsheole: In terms of my career, I was originally a sciences student at high school, at Molefi Senior Secondary School, doing pure...

  • BOCRA issues fines for fake phones

    According to the Authority’s annual report released recently, BOCRA conducted inspections on 169 communication retailers around the country and found 55 of them to be non-compliant, selling devices that were substandard, counterfeit or...

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