Author

Isaac Pinielo
  • G4S revenue jumps on new contracts

    G4S runs a wide array of services ranging from manned security, cash solutions, security systems, cleaning services, facilities management and fleet management. The group’s revenue for the year rose 2.8% to P213.9 million from P207.9 million...

  • Sechaba Brewery profits halve

    Total volumes for the nine months period were 1,670,194 hectolitre from 1,699,166 hectolitre of the prior period, which is a 1.7% drop. According to Sechaba, the decline in the financial performance was mainly attributable to the current challenging...

  • Young Woman Promotes Entrepreneurship Through Media

    Through a television production called The Business Kraal, she promotes dialogue between the public and corporations. She said the programme is a private entity that focuses on business, entrepreneurship and trade through the media. “The...

  • A-Cap to resettle villagers for uranium mine

    This week, the Australia-based company said it has embarked on a comprehensive consultation and engagement with communities affected by the envisaged project in those villages in the Central District. Environmental consultants, Ecosurve, have been...

  • Reforms needed to smoothen cross-border trade � BURS

    Customs general manager at the Botswana Unified Revenue Service (BURS), Buhalo Mudongo said this during a public lecture on the Trans-Kalahari Corridor (TKC) held at the University of Botswana conference centre this week. The TKC is a road network...

  • Furnmart profits weaken on closure of Zambian operations

    The Botswana Stock Exchange-listed company said trading across its operations has been subdued during the six months to end of January 2017. It said the decrease in gross profit margins was mainly due to the winding down of its Zambian...

  • Blue chips drag BSE southwards

    Trading in the domestic bourse depreciated in the first quarter of 2017, reaching 9225.22 points, down 1.9% on the previous quarter. According to a BSE market performance report, the domestic company index (DCI) shed 1.9% to 9225.22 points with the...

  • Businesses prove resilient in tough times

    These conditions are usually related to the slow economic growth as well as the tough regulatory environment. In a tough economic climate, the reality of budget cuts, job insecurity and diminished employment rights usually comes to play with some...

  • Diamonds are not forever, Khan reminds govt

    Speaking at a focus group hosted by Standard Chartered Bank Botswana and the Botswana Investment and Trade Centre (BITC) on Wednesday, Khan said Botswana’s revenue sources are vulnerable, noting that the recent slump in diamond sales has proven...

  • SA�s credit downgrade seen affecting Botswana

    The rating agency this week downgraded SA to BB+, otherwise known as junk status, from BBB-, citing the latest changes to that country’s cabinet as a contributing factor. According to experts, this credit rating places the rating below...

  • Engen profits grow despite weak commodity prices

    The group recorded P269.6 million in the year 2016, an increase from P263.5 million from the previous year. Commenting on the results, Engen Botswana managing director, Chimweta Monga said the increase in profit was due to the implementation of a...

  • Gov�t moots legislating PPPs

    Speaking at a PPPs capacity building workshop for local authorities in Gaborone yesterday, secretary for development and budget in the Ministry of Finance and Economic Development, Cornelius Dekop said currently there is no law governing the...

  • Company Supports Use Of Solar Energy

    Kgalagadi Resources Development Company, trading as Solar Power Botswana, believes that once a person has converted their geyser into solar powered-water heater, they will have a peace of mind knowing that they will nearly always have hot water. It...

  • PPADB seeks to relinquish tender awarding duties

    Presenting the proposed amendments in Gaborone this week, PPADB executive director supplies, Ken Ketshajwang said the Board wants to be transformed into a regulatory authority that will monitor and report on the performance of the public procurement...

  • Barclays profits jump 49% in 2016

    According to the bank’s recently announced financial results, the profit rise was driven by sustained revenue growth in the retail and business banking as well as the corporate and investment banking. These two segments grew by 11% and 30%...

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