Intellegere Music t/a BWMADE hosted a demonstration at the First Steps Venture Centre to take media through their new online store platform. The workshop was hosted by Itumeleng Garebatshabe, the CEO of Intellegere Holdings. “BWMADE is a revolutionary new platform that features 5 different digital shops to address various types of products that Batswana have to sell. The shops will address the Music, Film, Book, Fashion and Craft Industries. We live in an age where the world is our market and BWMADE is a portal that brings this market directly to our retailers,” said Garebatshabe. The digital shop…
Author: Editor
De Beers said its International Institute of Diamond Grading & Research (IIDGR) will launch a new low cost, high volume synthetic melee screening and referrals testing service in India in October 2015. According to the diamond major, the new service will use IIDGR’s industry-leading proprietary technology to support the wider Indian industry in the detection of undisclosed synthetic diamonds. IIDGR will showcase its range of diamond technology at the Hong Kong Jewellery & Gem Fair at the Hong Kong Convention & Exhibition Centre from 18 to 22 September 2015, with technical research experts on hand to demonstrate the instruments. Jonathan…
UK based Gem Diamonds Limited has announced the sale of an exceptional 357carat white diamond (recovered at the Letšeng mine in July 2015) which achieved US$ 19.3 million on tender in Antwerp. According to the company CEO, Clifford Elphick, the Letšeng mine has produced two remarkable +300 carat diamonds during the year to date. “The 314 carat diamond, which was recovered in May 2015 and sold into a partnership arrangement in June 2015, and the 357 carat diamond which was sold on tender in September 2015 for US$19.3 million,” he said. “Both of these diamonds achieved top prices despite current…
The potential for Batswana to excel in business management has been further boosted by yet another development from Botswana Accountancy College (BAC), in the form of the School of Business & Leisure. BAC recently launched the leisure academic portfolio under the School of Business & Leisure, of which the programmes are strategically offered at the city of Francistown. The city is embarking on an economic development plan that is geared towards making Francistown an investment centre. With the establishment of these programmes, BAC aims to be one of the contributors towards this goal for the city of Francistown and for…
Anglo American, the international diversified metals group said it has completed the sale of its interest in Anglo American Norte S.A.to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor. Norte consists of the Mantoverde and Mantos Blancos copper mines located in northern Chile. Anglo American Chief Executive, Mark Cutifani said the completed sale of Norte to the Audley consortium represents further progress with their asset disposal programme and wider strategy to reshape the Anglo American portfolio, prioritising our capital on those assets that will create the most value for…
Botswana Diamonds (BOD) has revealed that a 7-person Russian team of geologists and mineralogists has arrived in Botswana and work is now underway on Prospecting Licences PL206, PL 085 and PL210. The company said on PL 206, heavy concentrate sampling is now underway in the north-eastern area of the block. “On PL 085, reconnaissance work is now underway, which will be followed by heavy concentrate sampling to evaluate kimberlite indicator minerals and their proximity from potential primary sources” Drilling will commence imminently on anomaly, AN210-1, which is on licence PL 210. The drilling will be completed by the end of…
Stanbic Bank Botswana has enhanced efforts to boost the Business Banking offering, with two new Trade Finance products for business clients. The bank has introduced Invoice Discounting and Purchase Order Financing, that are targeting largely businesses involved in the supply of products and services. Recent months have seen Stanbic Bank increase its momentum in working to offer an enhanced banking experience, with more convenient banking products and services. Said Desma Elvis-Ncaagae at Stanbic Bank Botswana, “As a bank, we constantly strive to innovate in an ever evolving business climate, and the trade finance area presented a clear need. The challenges…
Letshego Holdings Limited continues to fortify its footprint on the African continent as a leader in providing simple, appropriate and inclusive financial products to its customers across Africa. To ensure this, Letshego has announced the appointment of Noel Marimira to head the Group’s Risk function. Letshego delves deep into harnessing top minds in the business, to bring the best out of the Letshego family to the benefit of all its stakeholders. “When we choose our management, we look for people who will inspire the team with a clear vision of the direction we should be heading towards, and we stand…
Standard Bank has signed a trilateral business cooperation agreement with Woori Bank and the Industrial and Commercial Bank of China (ICBC) to promote mutual cooperation in relation to business expansion in Africa. Standard Bank signed a similar agreement with Woori Bank, one of the largest commercial bank in South Korea, in April this year. “This trilateral agreement will make it easier for Korean and Chinese companies to cooperate in developing business in Africa. Standard Bank will become the pre-eminent bank of choice for these activities,” said Robert Cleasby, Standard Bank’s Global Head of Financial Institutions. He said…
Anglo American Platinum says Rustenburg Platinum Mines Limited, its wholly owned subsidiary has entered into a Sale and Purchase Agreement with Sibanye Gold Limited to sell its Rustenburg mining and concentrating operations for at least R4.5 billion. The deal is an upfront payment in cash or Sibanye shares of R1.5 billon and deferred consideration calculated as being equal to 35% of the distributable free cash flow generated by the Rustenburg Operations over a defined period with a minimum amount payable of R3.0 billion. The move follows Anglo American Platinum in 2012 to embark on a portfolio review in…