The 2013 Deloitte CFO Survey, for the first time, was extended to include CFOs operating in Botswana and they report that their businesses are doing well: some 61% of CFOs in the country report that their companies have seen an improvement in performance over the past year, while 25% have remained broadly unchanged. Not only that, but they are positive regarding the outlook too: over 77% of Botswana CFOs expect to see better performance in 2013 and a further 83% anticipate increases in performance in 2014. But their strategies are not exactly geared for growth CFOs are equally positive regarding…
Author: Editor
Tlou Energy Limited says the drilling of the next lateral well of the Selemo pod has commenced. At 03:30 hours on 1 September, DWD’s Buffalo Rig completed the move from Selemo 1A-R and was rigged up over the Selemo 1B hole. The company said the drilling bit was lowered to the well depth of 220m and drilling of the radius bend build section commenced. At 06:00 hours (AEST) this morning, the well was at a depth of 357m MD and directionally drilling ahead a 200mm (7-7/8”) hole. “The planned operations for the week at Selemo 1B will involve drilling the…
The De Beers Group of Companies has announced an investment in its rough diamond online auction sales platform with the acquisition of a 25 percent equity stake in its online auction service provider, Curtis Fitch. De Beers, which sells approximately 10 percent of its global rough diamond supply through auctions, anticipates that the investment will deepen the highly successful partnership between the two companies, strengthen the conditions for further innovation, and position De Beers to meet the evolving needs of a growing auctions customer base. Building more flexibility for rough diamond purchasers strengthens the value of De Beers’ offering. De…
The Gaborone’s inaugural Glenfiddich Whisky Night was held recently (Friday 30th August 2013) at Lansmore Masa Square. The event attracted both avid whisky drinkers as well as those simply looking to try something a little different, tasting the finest range of single malt scotch whisky there is and dining the night away. Sales and Marketing Manager at Lansmore Masa Square, Botho Mogami, says Lansmore is positioned to raise the bar of the service for Batswana. “As the World’s Most Awarded Single Malt Scotch whisky we believe it is in a class that resembles the positioning and value we try to…
The Western Union Foundation announced its second quarter 2013 grant commitment of US$1.7 million, which will be distributed across more than 20 nonprofit, non-governmental organisations (NGOs) around the world. This year to date, the Western Union Foundation has announced grants totaling more than US$2.9 million. In Africa alone, $ 25 000 has already been given to KickStart, a small business training programme for farmers in Kenya and $ 20 000 to supporting Mashutwero pre-schools in Botswana – helping to provide academic and personal development opportunities for local youth. This quarter, $114,114 will be given to the Daniel Ogechi Akujobi Memorial Foundation…
The traditional role of some resellers has been rather limited in terms of interactivity with the customer on value added integration. While some resellers have successfully moved away from simply being pushers of boxes or devices, towards a more solutions-based approach, there is still incredible scope and room for change says Samsung Electronics. “The ability to synchronise and integrate multi-model technologies is becoming a major differentiator for resellers,” says Thierry Boulanger, Director of IT and B2B Solutions at Samsung Electronics. “In fact, today one of the defining characteristics of an opportunistic reseller is the ability to dispense with tunnel vision…
Continental Coal Limited, the South African thermal coal production, development and exploration company, has released its preliminary final report for the year ended 30 June 2013 in accordance with ASX listing rule 4.3A. The final annual report will be released on 30 September 2013. According to the report, the total Run of Mine production from the three operating mines increased 15% to 2.3Mt year on year while production from the Vlakvarkfontein mine increased 23% year on year and contributed 1.5Mt to total ROM production. Vlakvarkfontein mine exceeded planned production and also recorded free on truck (“FOT”) costs of R140 (US$14)…
Discovery Metals says discussions are ongoing with suitors over a possible takeover transaction and added that it is studying a re-financing proposal from an unnamed financier. The Australian company, which owns the Boseto Copper project in Botswana has put ‘for sale’ sticker since its key shareholder declined to participate in raising equity earlier this year instead preferring that the company be sold competitively. Chinese outfit, Cathay Fortune Corporation (CFC) owns 13.7% of Discovery Metals and has previously made an unsuccessful takeover offer to the DML board. “ The company wishes to inform shareholders that Discovery Metals Limited continues to be…
Listed company Botswana Insurance Holdings Limited (BIHL) Group today presented its Unaudited Group results for the six months ended 30 June 2013. The half year results saw significant improvement in performance as compared to the same period in 2012. The Group registered profits of P237 million which was 38% higher than P171.9 million achieved within the same period in 2012. Group profits before tax similarly grew, standing at P288.6 million in the period under review. This is 37% up on the P210.5 million achieved in the previous year within the same period. Embedded value increased from P2.7 billion in December…
ADSOFTWARE and REGIO LEASE are proud contributors to the “Electric Green Taxiing System” (EGTS) display, the most ground breaking presentation of the recent 50th International Paris Air Show. Le Bourget Air Show 2013 was dominated by yet more airliner orders, plus breakthroughs in new aircraft coming to market, significant deliveries, and some amazing innovation launches. The most anticipated one was the first public demonstration of the “Electric Green Taxiing System” technology installed on an Airbus A320. The modified aircraft showed off its moves on the runway, powered by its environmentally-friendly electric motoring mounted on the main gear. REGIO LEASE and ADSOFTWARE…