Author

Isaac Pinielo
  • Cresta profits halve as occupancies drop

    During the six months ended June 30, 2017, the group, which provides hotel and related services in Botswana and Zambia recorded an overall profit before tax of P9.1 million for the period, reflecting a 50% drop from the result recorded for the same...

  • Youth Firm Imparts Knowledge On Tax

    Through his company,  Great Ant, he has taken it upon himself to start teaching people about tax and tax-related issues. “We will be conducting 30 minutes training workshops for untrained taxpayers in companies and government departments....

  • Minergy CEO optimistic about coal exports

    His confidence became noticeable this week when presenting Minergy’s financial results and business update for the year ended June 30, 2017. He highlighted the vast potential and opportunities that Botswana has to become one of the leading...

  • BPC and Liquid Telecom joint venture declared illegal

    At a public hearing held this week at the Parliament buildings, the committee, headed by Ramotswa legislator, Samuel Rantuana, questioned the logic behind the joint venture, which allows Liquid Telecom to be granted the use of BPC’s...

  • BIHL profits drop on low consumer spending

    The Botswana Stock Exchange (BSE) quoted financial services group recorded an eight percent loss in profit before tax (PBT) from P314.4 million last year to P289.7 million in the six months to June 30, 2017. According to the group’s unaudited...

  • Letshego seeks to raise P285m in Namibian listing

    The financial services group announced last week during the presentation of its financials for the half-year period ended June 30, 2017 that it recently obtained approval from the Namibian bourse to list Letshego Holdings Namibia Limited (Letshego...

  • Gov�t warns illegal tourism operators

    The sector has been identified as a significant driver of the country’s economic diversification efforts. Acting permanent secretary in the Ministry of Environment, Natural Resources Conservation and Tourism, Goitseone Madikwe told Mmegi...

  • Letshego To Instill Responsible Financial Practices

    During the presentation of the group’s results for the half-year ended June 30, 2017 in Gaborone on Friday, the financial services group said it would also imbed a social performance measurement system across the business from 2017. Group...

  • Efforts to increase trade along TKC intensify

    The TKC, a road network spanning approximately 1,900 kilometres across the territories of Botswana, Namibia and South Africa, could unlock great commerce and trade opportunities to the three economies in the area of tourism, transport and logistics...

  • Experts forecast bright future for Chobe Holdings

    The brokerage firm said projections point to an improved outlook in key markets for Chobe, which owns and operates eco-tourism luxury lodges and camps in Botswana and Namibia. Stockbrokers research analyst, Thatayaone Motsomi said the global...

  • Business tourists dominate visits to Botswana

    The figure represented 32.2% of overall arrivals of 484,717 for the quarter. According to the statistical agency, travellers who came for purposes of visiting friends and relatives were 80,362, accounting for 27.8%. Those in-transit and those who...

  • Wholesale and retail sector dominates economy

    According to Statistics Botswana (SB), the sector recorded a total of 6,787 establishments during the first phase of the Census of Enterprises and Establishments (CEE) conducted in 2016-2017. This represented 36.6% of the total 18,552 businesses...

  • Gov�t moots one-stop-shop for transport projects

    Director of Transport Planning and Policy, Orapeleng Mosigi said the policy is expected to be launched some time next year. It envisions the establishment of a transport system that is not only safe, secure, reliable, and efficient but also...

  • Wholesale giants accused of price fixing

    Documents presented to the Commission show that the Competition Authority (CA) conducted investigations last year on the four wholesalers; Trident Holdings, Metro Sefalana Cash & Carry, Trans Africa and Trade World. The investigations had been...

  • CA blocks �banished� Seloko

    Seloko had stood before the Commission introducing himself as representing wholesaler, Trade World, which was accused together with three other wholesalers of engaging in an anti-competitive conduct. His introduction was met with strongest...

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