Johannesburg is expected to reap substantial economic benefits thanks to the upcoming Standard Bank Joy of Jazz. Standard Bank Joy of Jazz – which will attract more than 30 000 fans when it takes place at the Sandton Convention Centre from September 25 to 27 – injects approximately R600 million annually into the Gauteng economy. Building up to the weekend of the Standard Bank Joy of Jazz festival, the “City of Gold” becomes the centre of the jazz universe attracting a cross-spectrum of individuals and corporates, including top-level executives from a variety of companies operating in music, film, TV and…
Author: Editor
Discovery Metals Limited says Robert (Bob) Fulker has been confirmed as Chief Executive Officer of the company, with effect from 18 September 2014. Fulker has been described as a highly experienced mining professional with more than 29 years’ experience in senior leadership positions across the industry. He has a broad foundation of experience in metalliferous, coal and ferrous commodities in both underground and open pit operations. Business improvement and focused operational effectiveness has been the key to successful operational turnarounds in recent years. Previous roles include the Chief Operations Officer with DML and executive management roles with various…
Tsodilo Resources Limited, the international diamond and metals exploration company, said it has been granted a prospecting license over the BK16 kimberlite pipe located within the Orapa Kimberlite Field in Botswana. BK16 is located 37 kilometers ESE of Debswana’s Orapa mine; 13 km NNE of its Letlhakane diamond mine and 28 km ENE from Lucara Diamond Corporation’s Karowe mine. Botswana diamond mines have produced an average of 27 million carats annually in the last 10 years and Botswana is the world’s largest producer of diamonds by value. The license grants the company the exclusive right to prospect for precious stones…
A latest report by diamond major De Beers Group of Companies has revealed that investment in technology will continue to be a key differentiator across the value chain, while also safeguarding consumers against the risk of undisclosed treatments and synthetics, which could undermine the long-term credibility of the industry. The company said in its Diamond Insight Report for 2014 that however, scale and differentiation will be increasingly important factors for future success, across all parts of the value chain. At the sametime the industry is likely to continue to consolidate and integrate (including through vertical integration). “It is also expected to…
The Minister of Environment, Wildlife and Tourism Tshekedi Khama will attend the United Nations Climate Change Summit that will be held in New York, United States of America on the 23rd of September 2014. The Summit which is seen as an effort to raise ambition and action for climate change will be attended by world leaders from government, finance, business and civil society. Heads of State and Governments are expected to provide a vision for reduction of emissions and make announcements on new or scaled-up ambition and action through national efforts. Heads of State and Government as well as world leaders…
The Botswana Confederation of Commerce Industry and Manpower (BOCCIM), a body representing employers in the country, has praised Marsh Botswana’s initiative to sensitise the mining sector about risk management in their operations. The insurance solution company held its second annual Mining Insurance Breakfast Seminar in Gaborone where it sensitised the industry on the importance of embracing risk management. Chief Executive Officer of BOCCIM, Maria Machailo-Ellis said at the seminar that the event is of immense value and benefit, not just to the mining sector, but, rather the entire economy of Botswana. “We applaud the efforts of Marsh Botswana (Pty) Limited,…
Botswana Diamonds said a seven person geological team from Alrosa have arrived in Botswana and are on site at Orapa with the Botswana team, with drilling to commence in ten days. The company said the Alrosa and Botswana Joint Venture team will carry out a detailed ground geophysics programme in the area of anomaly AN117-1 on Block PL117 to target drill sites; commence drilling at the identified drill sites within ten days at anomaly AN117-2 on Block PL117. “The drill rig is on the way to site and carry out a widespread geophysics and ground sampling programme on…
The Ministry of Environment, Wildlife and Tourism together with the Lobatse Community will commemorate the national event of the World Tourism Day at the Lobatse Town Park on the 25th September 2014 under the theme: “Tourism and Community Development”. The World Tourism Day is part of the United Nations World Tourism Organisation (UNWTO) calendar of events and is observed worldwide by its members on September 27. Its main objective is to create awareness on tourism and the value that it creates among communities and the economy. It is intended to educate local communities on the tourism opportunities that exist and could…
Work towards the much-anticipated Botswana Telecommunications Corporations Limited (BTCL) Initial Public Offering (IPO) has reached advanced stages. The IPO has been scheduled for Friday 7th November 2014. Among the measures to prepare for this momentous occasion, the Public Enterprises Evaluation and Privatisation Agency (PEEPA), together with the Botswana Telecommunications Corporation (BTCL) and the Ministry of Transport and Communications (MTC), are soon to commence a programme aimed at sensitising and educating the public on issues relating to the IPO. This will see further detail shared with both public and institutional investors on all aspects of the IPO. In the IPO,…
fastjet’s inaugural flight between Dar es Salaam in Tanzania and Entebbe in Uganda took off today, 16 September 2014, marking the launch of the low-cost airline’s fourth international route in Africa. Flights between Dar es Salaam and Entebbe take off on Tuesdays and Thursdays between 16 September and 25 September 2014, with frequency doubling to Mondays, Wednesdays, Fridays and Sundays from 29 September 2014. Tickets for flights on the direct route went on sale in early September 2014, with fares starting as low as US$50 one-way, excluding airport and government taxes. The flight distance over Africa’s Lake Victoria – the…