Brand South Africa’s Chairman Chichi Maponya has announced that Kingsley Makhubela has been appointed Chief Executive Officer of Brand South Africa for the period 2015-2020. Makhubela has had an illustrious and distinguished career in the public service having recently concluded his tenure as the Director-General of the Department of Tourism and prior to that, holding, amongst others, the position of Chief of State Protocol at the Department of International Relations and Co-operation. His tenure at the Department of Tourism makes Makhubela an ideal candidate as CEO of Brand South Africa since place and/or destination marketing is one of the elements…
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Barrick Gold Corporation says it has reached agreement to sell 50 percent interest in the Zaldívar copper mine in Chile to Antofagasta Plc for a total consideration of $1.005 billion in cash, forming a new partnership with one of the world’s leading copper companies. According to the deal, Antofagasta will pay Barrick $980 million in cash upon closing and $25 million in additional cash payments over the next five years for a 50 percent stake in the Zaldívar mine. The transaction is expected to be completed in late 2015 and is subject to customary closing conditions. Co-President of Barrick, Kelvin…
Junior coal explorer, Shumba Coal Limited, has notified its shareholders that its directors want to change the company name to Shumba Energy Ltd. The name change however is subject to the company receiving approval from regulators. The company is majority owned by Batswana and suggests that adding ‘energy’ will represent its ambitions better. “The Directors propose to change the name of the Company from “Shumba Coal Limited” to “Shumba Energy Ltd”, subject to receipt of the necessary regulatory approvals,” the company stated on the Botswana Stock Exchange website. It said a formal announcement of the name change will be made…
The Shell 2015 Gaborone Motor show as powered by Shell V-Power 95 and Shell Helix is scheduled to take on 7th to the 9th of August 2015 at Fairgrounds Holdings’ Exhibition Park (Ditshupo Hall). The event will be the highlight of Botswana’s automotive calendar this year and the organisers of the show have gone to great lengths to make sure that this show lives up to expectations. Among this year’s highlights will be more exotic cars. After listening to the feedback from automotive enthusiast across Botswana, the organisers of this year’s motor show have put supercars as one of their…
ADSoftware has announced the signing of Skyward Express Limited (Kenya) and Asia Atlantic Airways (Thailand) for their AirPack maintenance software following the launch of their new mobile applications at the recently held Paris Air Show. The 2015 Le Bourget Air Show was dominated yet again by some ground-breaking innovative launches. ADSoftware, took to the occasion and launched its latest MRO* mobile multiplatform applications for line and base maintenance. ADSoftware’s Development Manager, Sebastien Dunoyer said the Discover, Learn, Experience, Exchange themed demo definitely attracted the attention of the visitors. “We constantly innovate and that’s what makes the difference with the competition”.…
Johannesburg will host another international congress in March 2017 when leading global entrepreneurs and innovators attend the first Global Entrepreneurship Congress (GEC) to be held on the African continent. The announcement was made at a media launch held at the Sandton Convention Centre. The hosting rights for GEC 2017 were awarded at GEC 2015 in Milan. The objectives of the Congress are to map out entrepreneurial ecosystems, share new developments in startup financing, connect entrepreneurs to the best resources and networks, and identify emerging entrepreneurial hotspots and global expansion of the producer movement. The GEC, initiated by the Global Entrepreneurship…
The African financial services industry is rapidly evolving as a result of advancing technology which is fueling innovation and growth in the sector. While the sector is mature in most developed countries, it is less saturated in Africa, therefore offering many opportunities for new market entrants to challenge the status quo of how business has traditionally been conducted. This is according to Sumesh Rahavendra, Vice President of Sales for DHL Express Sub Saharan Africa who said the burgeoning middle class and abundance of SMEs in Africa present great opportunities for financial services companies to provide retail banking services to individuals,…
Water Utilities Corporation (WUC) has warned its customers that it will increase water rationing days in the Greater Gaborone area from three to four days a week from August, 1, 2015. The corporation said this comes as a result of fast receding level of the Bokaa Dam, which is currently at 3.5% and might fail at any time. “The failure of Bokaa Dam will translate into reduced supply as well as a loss of one more source of water for the Greater Gaborone area, following the failure of the Gaborone Dam in December 2014.” The greater Gaborone area’s sources of…
fastjet Tanzania’s first flight between Dar es Salaam in Tanzania and Lilongwe in Malawi has taken off, marking the launch of the low-cost airline’s sixth international route in Africa. Flight FN209 departed Dar es Salaam’s Julius Nyerere International Airport at 09h40 with Tanzanian government officials, local passengers and media on board. Upon arrival at Malawi’s Lilongwe International Airport at 10h20, fastjet hosted an official launch ceremony before returning to Dar es Salaam on flight FN210 at 10h55, landing at 13h35 (all local times). The Dar es Salaam – Lilongwe flights will initially operate twice a week on Mondays and Fridays,…
Stanbic Bank Botswana continues to focus upon empowering Botswana’s youth with the necessary infrastructure to help promote academic excellence, as part of the Bank’s focus on nationwide financial literacy. This year, the bank made a P60, 000 donation towards the 6th Annual Excellence Awards, hosted by the Botswana Examinations Council (BEC) in collaboration with the Ministry of Education and Skills Development (MoESD). The Excellence Awards are a national project that aims to encourage strong performance during national examinations. Officiated this year by President Ian Khama; the Awards took place on the 16th July 2015. Also in attendance were officials from…