Author

Whilst details on the identity of the creditor were not available at press time, industry insiders indicate the difficulties may have to do with the current or former mining contractor. The funds paid to the mining contractor constitute the highest...

In a notice this week, Mt Burgess officials said Forrester passed away last Friday about a week after resigning as chairman and CEO. Forrester and his wife, Jan, previously told Mmegi how they had sunk their own savings, including selling their...

The prolonged decline in diamond receipts, coupled with steady imports and the lack of other strong foreign currency earners, has meant a slide in the foreign exchange reserves, of which the Pula Fund is the main anchor.Foreign exchange reserves that...

The gap between knowing what to do and doing it, has been the proverbial thorn in the side of public sector policymakers and the reforms they have attempted to make over the decades since the discovery of diamonds.For those tracking the numbers, the...

Government is counting on its domestic debt programme to primarily support the forecast P22.1 billion deficit for the 2025–2026 financial year, with external loans playing a smaller role.However, bidders at the monthly auctions of the government...

The findings are contained in a report released by FIA this week on suspicious transaction reports between January and June 2024.FIA researchers found that Zimbabweans were mainly involved in tax evasion, accounting for about P30.8 million, followed...

In a popular sitcom from the 1990s, the main character once wrestled with how to handle a crisis. As a deadline approached and the pressure mounted, the character did his best to project confidence. Ultimately, he betrayed the raging panic below the...

In the country’s north-west, farmers and their livestock have fought a perennial war for survival against carnivorous predators, which all sides have been losing. Lives have been lost on both sides with farmers perennially counting the cost of...

This week, BBS Bank and Access Bank joined Absa Bank Botswana and Stanbic Bank Botswana in increasing their prime lending rates, the first time commercial banks have uncoupled from the Bank of Botswana’s interest rate guidance since the freedom to...

Absa Bank Botswana, Stanbic Bank Botswana, and BBS Bank raised their lending rates by between 75 and 100 basis points, as the impact of a long-running liquidity crunch in the local capital market came to bear.Since April 2023, banks have been able to...

The people of Francistown have every right to be sceptical. The tale of the economy of the northern city is one of bright but broken promises, hopes built then dashed, the kind of situation that makes citizens become resistant to hope.Francistowners...

The Business Expectations Survey (BES) for March shows that firms are however more optimistic about business conditions in the 12-month period to March 2026, compared to the first and second quarter of 2025, which could be attributed to government...

The WDC, the US-based umbrella body representing the natural diamond value chain, estimates that thousands of jobs could be lost across the industry from manufacturing to independent jewellers.On April 2, a day he called Liberation Day, President...

Figures from the central bank show that bidders for the government treasury bills and bonds on offer at the April 24 auction, were particularly reluctant to take up notes at the longer end of the spectrum, potentially signalling some concerns about...

NIU snapped up Phoenix last year for $15 million (P205 million), after an extended period of the liquidators and government looking for takeover partners for the operation. Phoenix’s sister operation, Selkirk, was purchased by Premium Nickel...