Author

Lewanika Timothy
  • Rental revenue bolsters Turnstar's profits

    According to the published results, rental revenues for the group rose by 13% totalling P328.5 million compared to the corresponding year which ended in P291.3 million. Turnstar executives apportioned the surge in rental revenues to strong rental...

  • Rising pension cash-outs worry insurers

    Since October 2022, amendments to the Act have provided for enhanced withdrawals at retirement, raising the commutable or cash payout of the pension at retirement, from one-third to 50% of accrued savings.In a briefing on the group’s financial...

  • Top elections to watch in 2024

    The world shakes at its shoes as poll dates draw closer and closer like the dreaded sound of the hangman’s footsteps echoing in the ears of a felon whose fate is the gallows. In 2024, it is not just about who will emerge victorious, it is about the...

  • I was ready to walk away from De Beers – Masisi

    Botswana’s diamonds are not just shiny stones concealed by the Sahara sands that drape the turf of the nation’s territory, they are the roads coiled all over the nation, the buildings that house the country’s industrialisation efforts, diamonds...

  • Funding SMEs in Botswana: A contrarian view

    While the “mokgolosa” statement has gone viral on social media, some public finance experts are sounding the alarm over the amounts of cash the government is pouring into unviable ventures, a persistent trend over the years.Experts estimate that...

  • BPOPF ups shareholding in Tlou Energy

    The pension fund snapped up about 61.3 million additional shares amounting to 5.65 million Australian dollars (A$) (P50m) under the second round of an offer by Tlou that was initially closed in January. The new shares take BPOPF’s total equity in...

  • Air Botswana privatisation hits brick wall

    The state-owned national flag carrier has been drenched in financial dire straits for many years with the airline failing to break even due to low sales and high maintenance costs. Responding to a question in Parliament, Serame revealed that...

  • CEDA, YDF investments underperform – BIDPA study

    Government efforts to invest in Small to Medium Enterprises in the country have been mainly for job creation purposes, as the economy has long struggled with rising unemployment rates, particularly amongst youths.The report, which is a study on the...

  • Pension funds surpass NBFIRA’s repatriation target

    Under amendments to the Retirement Funds Act, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) mandates pension funds to raise their domestic holdings to a minimum of 50% of their total assets, progressively between 2023 and...

  • Energy regulators forge path towards renewables

    RERA’s annual conference took place over four days in Gaborone last week, in the backdrop of the ongoing global debates on the optimal use of energy sources especially around coal which has been snubbed by the global community. Delegates at the...

  • De Beers sees subdued market for diamonds

    De Beers reported suboptimal sales of rough diamonds, especially in the last quarter, resulting in revenues of $4.3 billion, down from $6.2 billion in 2022.Briefing journalists last week, senior De Beers officials said their forecast indicates that...

  • De Beers thrown a curveball on synthetics

    Despite being amongst the pioneers of synthetics, through its Element Six firm which was established in 1946, De Beers has consistently been dismissive of any argument that these lab grown stones could pose any kind of threat at retail level. Element...

  • The deafening silence of pressure groups on the 2024 polls

    Reminiscing over the 2014 election, pressure groups were seething with anger, fuming and livid with the frustration of their unmet needs under former President Ian Khama’s regime. Trade unions in particular were gatvol with Khama, following the...

  • Motsumi leads new era in public procurement

    Mmegi: In 2022 the government of Botswana amended the Public Procurement Act, a move which necessitated the evolution of the former Public Procurement Asset Disposal Board (PPADB) to the Public Procurement Regulatory Authority (PPRA). What was the...

  • Lucara financials dip to P275m losses

    The diamond miner’s sales fell through the cracks of a depressed diamond market that has been undergoing steep downturns.Total revenues for the year totalled P2.4 billion compared to P2.9 billion recorded in 2022. The weak sales performance comes...

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