Business :: Mmegi Online

Friday, September 23, 2022

Budget to return to first surplus in eight years

Ministry of Finance technocrats expect the budget to return a P355 million surplus in the 2024–25 financial year, the first in eight years and a break from a series of deficits that ran down savings and increased government debt.

Mbongeni Mguni | 23 September 2022

Balancing act: Finance Minister, Peggy Serame expects headwinds to hit the economy in the short term, followed by fiscal stability PIC: MORERI SEJAKGOMO

Changing hands: Botash is changing its technical partner after a 13-year relationship

SA firm divests from Botash

FRANCISTOWN: South Africa's Chlor-Alkali Holdings (CAH) plans to exit its 50% shareholding in Botash, the country's sole producer of soda ash and salt, Business Week has learnt.

Chakalisa Dube | 23 September 2022

Thinking positive: du Plessis expects Minergy to break even and possibly record a profit this year

Minergy eyes first profits from Masama

Local coal producer, Minergy, expects that the current financial year will record its first period of operational profitability since its establishment, after strong results in the last quarter of the just-ended financial year.

Pauline Dikuelo | 23 September 2022

Fuelling frustration: High pump prices have raised the cost of living this year PIC: MORERI SEJAKGOMO

Business Botswana pushes 50% cut in fuel taxes

The country’s largest private sector lobby group, Business Botswana, is proposing that government cuts the various taxes on fuel by 50% for six months to ease the cost of living in the economy.

Mbongeni Mguni | 23 September 2022

'Prepare for job cuts from parastatal shake-ups'

Trade and Industry minister Mmusi Kgafela says while the number of jobs to be cut in the rationalisation of parastatals is still unclear, employees should prepare themselves to 'transition' out of the public service and find opportunities in the private sector.

Mbongeni Mguni | 23 September 2022

BSE revels in new AfDB listing

The national bourse, Botswana Stock Exchange (BSE) says African Domestic Bond Fund's (ADBF) listing is the result of its strategic objective to grow its number of instruments and diversify its issuer base.

Pauline Dikuelo | 19 September 2022

FNBB non-performing loans decline 26%

First National Bank Botswana’s (FNBB) non-performing loans declined by 26% year-on-year from P1.1 billion to P802 million resulting in a gross advance ratio of five percent as at June this year.

Pauline Dikuelo | 19 September 2022

Keabetswe Pheko Moshagane PIC: PHATSIMO KAPENG

Absa profit jumps 36%

Absa Bank Botswana has seen a 36% increase in profit before tax recording P395 million, according to the group’s financial results for the year ended June 30.

Pauline Dikuelo | 19 September 2022

Hard grind: Going forward, the economy needs to grow by five percent and above to reach the Vision 2036 targets
PIC: PHATSIMO KAPENG

Gov’t wants ‘five percent and above’ growth over NDP12

The Finance Ministry is targeting a growth rate of five percent and above over the National Development Plan (NDP) 12 period, which kicks off next April, even as its forecasts indicate average growth rates of between four and 4.2 percent over the period, BusinessWeek has established.

Mbongeni Mguni | 16 September 2022

Seeking linkages: Siwawa believes partnerships could enhance research in coal PIC: MORERI SEJAKGOMO

BCM calls for more coal research

The Botswana Chamber of Mines (BCM) has stressed the importance of collaborations on coal research, noting that the findings might boost the economy by unearthing other beneficiation industries.

Pauline Dikuelo | 16 September 2022

Vehicle registrations reach 10-year low

Mbongeni Mguni | 14 September 2022

Brastorne hoists Botswana flag in Google's 2022 cohort

Pauline Dikuelo | 12 September 2022

Business Den offers silver lining

Pauline Dikuelo | 12 September 2022

Letshego, Botswana Life launch digitalised Mosako

Pauline Dikuelo | 12 September 2022

Coloured teen 'murders' brother

FRANCISTOWN: An 18-year-old Gofaone Moruti of Coloured location was arraigned before a Magistrate's Court here on Tuesday for allegedly murdering her brother.

Kopong murder accused, (Lto R) Kebalemoge Ntsebe,Outlwile Aston,Leufty Kosie and Oageng Letsholo PIC: PINNE BOTHOKO

‘Is my client going to be prosecuted for witchcraft?’

Attorney Unangoni Tema has asked court if it intends to prosecute his client over witchcraft allegations.

WA ratifies Letsile's 100m record

World Athletics has ratified Letsile Tebogo’s 100m world Under-20 record which he broke at the World Athletics Championships in Eugene (Oregon, United States of America) in July.

In the continuing feud between the Umbrella for Democratic Change (UDC) president Duma Boko and Botswana Congress Party (BCP) president Dumelang Saleshando, the latter says the former, "who wants 'chekwane' change, not regime change," deceived him.

Court orders Gaoberekwe progeny to pay P16,500 security

The Gaborone High Court has ordered the family of Pitseng Gaoberekwe at Metsiamanong in the CKGR to pay the sum of "P16,500 as security for costs and typing of record" for them to appeal their case.

Keorapetse declares: I have no fear

Following a Botswana Congress Party (BCP) rally held in his Selebi-Phikwe West constituency on Saturday, the area Member of Parliament (MP) Dithapelo Keorapetse says he has no fear because his conscience is clear.

Burnt kitchen curtain. PIC: MORERI SEJAKGOMO

Mysterious fires torment Kanye family

For some, mysterious fires are only figments of imagination, probably something they read in books or watch on television but for a family in Kanye, they live to tell the tale.

Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

The Monitor Editor | 19 September 2022

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BCM calls for more coal research

BBS launches Visa debit card

Vehicle registrations reach 10-year low

Brastorne hoists Botswana flag in Google's 2022 cohort

Business Den offers silver lining

CEDA opens Shakawe branch

Letshego, Botswana Life launch digitalised Mosako

Coloured teen 'murders' brother

‘Is my client going to be prosecuted for witchcraft?’

WA ratifies Letsile's 100m record

Boko deceived me—Saleshando

Court orders Gaoberekwe progeny to pay P16,500 security

Keorapetse declares: I have no fear

Mysterious fires torment Kanye family

Botswana deserves ideal political leaders