Eskom, the South Africa’s state power utility said it has declared a power emergency with large industrial customers, requiring them to urgently reduce their electricity usage by 10% from 3pm to 8pm (November 23). The corporation said in a media alert that the declaration of a power emergency follows in addition to the implementation of stage 2 of load shedding earlier on Sunday (November 23). “The power system has experienced an increase in electricity demand due to the weather conditions and an increase in load losses as a result of multiple tripping of generating units at the Majuba and Matimba power stations. Eskom has lost a total of…
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As financial institutions seek for various ways of engaging and educating clients and business partners, Metropolitan Life Botswana‘s Corporate Division has set itself apart from others by hosting a workshop that sets to demystify the products that are purchased on behalf of employees. The 2nd Disability Workshop was hosted on the 13th and 14th of November at the Phakalane Golf Estate. Hosted on an annual basis, the Disability Workshop marks its second year since inception. The Workshop was developed through the vision of Metropolitan Life Botswana Manager, Corporate Business Ms. Masego Tselaesele – Mokgolodi, who stated “This seminar has shown tremendous…
Botswana Innovation Hub in collaboration with the Department of National Internship Programme will launch the ICT Developer Community called Cyber City Kgotla tomorrow, Thursday 20th November, 2014 at the Botswana Innovation Hub premises from 17h00 till 19h00. Cyber City Kgotla is an open community workspace that was established out of the realisation of the critical role the ICT Developer Community plays in the innovation value chain and acknowledgment of the challenges encountered by the local ICT Developer Community which comprises of ICT students, ICT Graduates, ICT Professionals and Entrepreneurs with a tech focus. The Cyber City Kgotla facilitates…
Botswana government is looking to commence the second phase of power generation expansion project at the Morupule energy complex with the latest tender calling for the appointment of Owner’s Engineer. The Owner’s Engineer will overlook the addition of 2 more units at Morupule namely Units 5 and 6 (Brownfield). The complex currently has 6 units after the addition of 4 units at Morupule B, which is still struggling to work at full capacity and there are reports it faces total collapse. But Morupule A remains under care and maintenance and estimates have shown it will need P1.4 to…
Rio Tinto and Sinosteel Corporation has announced their intention to advance discussions for a second extension to the Channar Mining iron ore joint venture in Western Australia’s Pilbara region. This followed the signing of a Heads of Agreement at Parliament House in Canberra today by Rio Tinto chief executive Sam Walsh and Sinosteel Corporation president Xu Siwei. Chinese President Xi Jinping and Australian Prime Minister Tony Abbott attended the signing. The original Channar joint venture was signed in 1987 and provided for the production of 200 million tonnes of iron ore. It was extended in 2010 to produce a…
Tlou Energy said it has observed a favourable gas pressure build-up at both the Selemo 1P horizontal pilot pod and the Mopani 2P single vertical pilot well following the ongoing dewatering operations. The company revealed in an update that having now achieved a maximum stabilised shut-in casing pressure, gas flow rate testing of both wells by controlled release has begun with gas being flared at surface. “This is a significant and positive achievement for the Company and is consistent with statements made in the Company’s recent AGM presentation,” it said. “Testing operations will continue with the objective of…
Barrick Gold Corporation has named Shaun Usmar as Senior Executive Vice President and Chief Financial Officer Designate. Usmar will join Barrick on November 24 and will become Chief Financial Officer on February 18, 2015 following the departure of Ammar Al-Joundi, who will be leaving Barrick after the announcement of the company’s year-end results. Mr. Usmar will work with Al-Joundi until his departure to ensure a smooth transition. “Shaun is an exceptional leader with broad experience in the global mining industry, including a track record of strong financial management and successful execution. We are confident he will make an excellent…
The much anticipated Organisation of Eastern and Southern Africa Insurers’ 37th Annual Conference started in Gaborone on Monday with various speakers calling for the continent to work towards addressing trade challenges. Lawrence Nazare, Chairman of OESAI said at the start of the conference that the insurance industry should be at the forefront of transformation taking place in the continent including the proposed establishment of giant Free Trade Area of three regional trading blocs. The Tripartite FTA will be a result of coming together of Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and Southern African Development…
Galane Gold Ltd. says it has appointed Nick Brodie as Chief Executive Officer. Brodie has served as Chief Financial Officer of the company since October, 2010. Prior to joining the company, Brodie distinguished himself in progressively more senior management positions in a number of industries. After working in CFO roles in mining for the last eight years, he has gained the breadth of experience required to make the next progressive step to CEO. Brodie has also been appointed to the Board of Directors, effective immediately. Ravi Sood, the Chairman of Galane Gold will step down from his role as…
fastjet plc says fastjet Zambia Ltd has received an Air Service Permit (ASP) from the authorities in Zambia. According to the company, the ASP approval marks a major step towards launching fastjet operations in Zambia and will give the airline the authority to operate air services to both domestic and international destinations within and from Zambia. The fastjet Zambia team is now focused on continuing the submission of the necessary documents and manuals to complete the application process for an Air Operating Certificate (AOC) which will then allow the commencement of operations. Ed Winter, Interim Chairman and Chief…