The second annual Lilac Media Awards are set to return in December to recognize and celebrate Botswana’s media houses, as surveyed in terms of the public’s perception during the period 2012/13. This year’s Awards event is slated for Friday, December 13th 2013. The initiative aims recognise public perception and empower the consumer to share how they feel about local media platforms. The Awards will celebrate high performers in the categories of radio and print newspapers, each with a number of accolades within the respective categories. Said Kabelo Binns, MD of Hotwire PRC and Wired Y&R, “Shedding greater light on the…
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Magnum Gas & Power Limited has advised its shareholders that the company’s Share Purchase Plan (SPP) closed on Friday 22nd November 2013 with subscriptions for 26,338,316 ordinary shares. The company has instructed its share registry to allot and issue the SPP shares raising a total of $316,060. “Given the current uncertainty in the world’s capital markets, the Directors are pleased with the level of support received from shareholders,” the company said. Magnum Gas & Power has also allotted 1,500,000 shares in lieu of payment of $27,000 to one of the Company’s drilling contractors for services rendered during the recent exploration…
South Africa’s largest live music festival, The Cape Town International Jazz Festival (CTIJF) celebrates its 15th year when it takes place at the Cape Town International Convention Centre (CTICC), 28-29 March 2014. In this commemorative year, the festival will bring together the best local and international artists from the past 15 years. Referred to as ‘Africa’s Grandest Gathering’, nearly 60 000 people attended the CTIJF events, free concerts and workshops in 2013. South Africa’s own premier live music event has become so popular that tickets sell out within just weeks so fans are encouraged not to miss 2014 because this…
The 2013 Gauteng’s magnificent and most colorful street parade is upon us. For this year’s 9th edition, Gauteng (Provincial Government) and the City of Joburg have come together to host the biggest and most flamboyant street parade ever starting 7-8 December. Also coming in as a sponsor is Hallmark watches through which 200 watches will be given away to the public. This year over 21 000 participants will take part in the 5.6 km parade of magnificent costumes, colourful displays, enthralling dance and lively sounds starting from Johannesburg Stadium through Hilbrow, Braamfontein, the JHB CDD and back to the stadium.…
IAMGOLD Corporation and/or its subsidiary, Rosebel Gold Mines N.V. (RGM) will fund the development and operation of a solar power project with an installed capacity of five (5) megawatts in Suriname. The Solar Project is delivering on a prior commitment to the Government of Suriname, which was made in connection with a prior deal that significantly lowered the Company’s cost of power. The cost to build the Solar Project is expected to be in the range of $12 million to $14 million, including the work necessary to prepare and provide access to the site. It is planned to be operational…
This week (27th November – 1st December) marks the 4th annual Kick-the-Cash Campaign, enabled by Visa, the global electronic payments company. The aim of the week is to promote card usage in daily transactions amongst Batswana consumers, no matter how small or great their purchase may be. “Whilst cash has historically been the most popular mode of payment in the country, Botswana has made great strides towards becoming a cashless society. However, we believe education campaigns that teach consumers about card usage and its benefits will further open up the economy,” said Visa Country Manager for Botswana, Jackie Malaba. Research…
Tlou Energy Limited has announced an equity raising of up to approximately A$13.4m. The exercise will comprise an institutional placement of up to 19.0 million shares to raise up to approximately A$5.7m and a 1 for 4 accelerated non-renounceable entitlement offer via the issue of up to approximately 25.7 million shares to raise up to approximately A$7.7m. The Entitlement Offer comprises an accelerated institutional component and a retail component. According to the company, the proceeds of the Equity Raising will be applied to an expanded pilot and core hole program at Karoo Central. In addition, the Equity Raising will be…
Puma Energy’s aviation services once again demonstrated the value of its product offering and quality assurance when it fuelled the Boeing 757 the first of its Kind at Maun International Airport. “This was our first 757 to refuel and it went without a glitch, our equipment being right and we had discussions with staff before arrival. The main problems we faced were not fuelling but logistical and we were determined to show all that Maun Airport as a whole could manage an aircraft of this size,” said Mervyn Palmer, Puma Energy’s Refueling Agent. Puma early this year commissioned P30 million…
Botswana’s ambition of becoming a leading diamond trading centre is gaining momentum as seen by the latest trade data for September, which shows the amount of rough diamonds coming into the country. Statistics Botswana revealed in its latest Botswana International Merchandise Trade Statistics that composition of imports by principal commodities for September 2013 shows that diamonds contributed 40.4 percent (P2, 525.3 million) to total imports (P6, 243.7 million) during the month. “It should be noted however that most of these diamonds imports are coming in for aggregation followed by exportation. Modalities for separating diamonds for aggregation from those imported for…
Firestone Diamonds plc, the AIM-quoted diamond development company, has revealed that Absa Bank Limited, acting through its Corporate and Investment Banking division, has received approval from its credit committee to provide a project debt finance facility of up to US$82.4 million to Liqhobong Mining Development Company (Pty) Limited (LMDC). LMDC, which is owned 75% by Firestone and 25% by the Government of Lesotho, owns 100% of the Liqhobong Diamond Mine (“Liqhobong” or the “Project”) which is located in the Lesotho Highlands. Stuart Brown, incoming Chief Executive Officer, said the receipt of Absa Committee approval to provide LMDC with the facility…