Standard Chartered Bank Botswana continues to provide convenient banking solutions to its customers with innovative and simple to use products. The latest campaign revolves around Straight2Bank, a product that allows businesses to bank easier, faster and more conveniently. It has transformed business banking by providing flexibility and convenience of transacting virtually anywhere. Straight2Bank is the best of its kind in the banking sphere and offers a wide range of benefits to the customer: Fast remittance funds: Same day settlement of South African Rand (ZAR) transactions if done before 12:00hrs. Over 100 currencies can be accessed online and funds reach beneficiary…
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Discovery Metals, the Australian company which owns Boseto Copper Project in Botswana said John Shaw has been appointed as Chairman of the company’s board, effective immediately. Shaw has been a director of Discovery Metals since 2006 and has more than 40 years’ experience in exploration, development and operations of open cut and underground mines in Asia, Australia, Africa and Canada. Gordon Galt, previous Chairman of the company, and Morrice Cordiner, non-executive director of the company, have notified the Board of their resignations from the company, effective from the close of business on 20 May 2013. “The Board would like to…
St Louis Export, a Botswana-brewed premium lager, has been awarded a Monde Gold Quality Award by the Monde Selection Committee in Brussels, Belgium. Since its launch in 2009, St Louis Export has been the recipient of two Monde Quality Awards, starting with a silver medal in 2012 and now a gold medal in 2013. “Our goal was always to brew a world class premium beer. Our special ingredient, crystal malt, has served as a catalyst that we believe has made the difference in producing a beer that is worthy of a Monde Gold Quality Award. We are extremely excited to…
Discovery Metals said it has commenced the calling of bids from interested parties and has signed Confidentiality Agreements with a number of parties to date in a bid to evaluate whether a change of control transaction, on terms that the Board would recommend, can be secured. The company which intends to lift voluntary suspension on the BSE/ AUX said some of these parties have commenced their due diligence investigations. The company has engaged UBS AG, Australia Branch and Credit Suisse (Australia) Limited as its financial advisers in connection with the process. “The process is expected to take approximately 4 weeks…
Mahindra Botswana has unveiled its latest additions to the Mahindra family; the Mahindra Genio and the Mahindra XUV 500. The XUV 500 has been described by Indian car maker as a state of the art SUV with feline features, that is targeted at the in and out of city dwellers while the Genio is what Mahindra have termed the ‘Modern Transport Solution’. The Dealership Manager for Mahindra Botswana, Zyaad Haffejjee said the XUV 500 is the best SUV to come out of Mahindra to date. “The design is unmistakable with bold, glorious lines that trace the world’s most agile animal…
The world is fast paced and is ever changing. The business and investment world is no different. Gone are the days when opening up a savings account and waiting for it to gain interest was the ultimate savings tip. More and more Batswana are opening up to the world of different types of investments, ranging from purchase of shares to unit trusts. A unit trust is the pooled money of many investors that is invested in the financial markets through a single collective investment scheme – called a Unit Trust. Unit trusts afford the regular Motswana the chance to make…
A huge pear-shaped diamond, which was unearthed in Jwaneng, Botswana was auctioned for a record price of USD 26.7 million at Christie’s auction house in Geneva. Christie’s said that at 101.73 carats it was the largest D-colour flawless diamond ever offered at auction. As it was the first time the gem had come up for sale, the buyer was entitled to name it. The new owners named the diamond “The Winston Legacy,” after Harry Winston – whose firm was recently acquired by Swatch for one (b) billion US dollars. (Tautona Times)
Pangolin Diamonds Corp. said it has discovered its first kimberlite at its 100% owned Tsabong North Project in Botswana. Core logging identified crater facies sediments and underlying reworked volcaniclastic kimberlite (RVK) breccias in drill hole “Magi-01/1”. “Representative rock samples were submitted for independent whole rock analysis to Activation Laboratories Ltd., in Ancaster (Ontario). The results assisted in discriminating between the kimberlite crater facies sediments and the overlying Kalahari Formation. Crater facies sediments are present from a depth of 33.5 meters to 58.8 meters below which RVK breccia occurs to 76.3 meters,” the company noted. The crater facies sediments and RVK…
Impact Minerals said it has entered into a Sale and Purchase agreement with Sechaba Natural Resources Pty Ltd (Sechaba) and Shumba Coal Ltd (Shumba) for the sale of four non-core Prospecting Licences in the northern part of the company’s Botswana Uranium Project. The four licences: PL118/2008, PL120/2008 and PL097/ 2010 will be transferred to Sechaba for a total of US$800, 000, consisting of US$250,000 cash and consideration shares equal to US$250,000 in Shumba- a company listed on the Botswana Stock Exchange (BSE). Impact’s Managing Director, Dr Mike Jones said the sale of the four non-core assets is an excellent outcome…
Stanbic Bank Botswana has announced the appointment of Bongani Kraai as Head of Client Access Southern Africa. Kraai’s core responsibilities include articulation of a sub-regional client access strategy and execution thereof across Client Implementation, Network Management and Channel Access functions. He is tasked with exploring the dynamics of Client Access with a view to assess market trends, and to identify new business opportunities across the region, including Botswana, DRC, Lesotho, Malawi and Swaziland. He will also devise strategies to capture business opportunities and grow revenues. Kraai wields a BA in Marketing from the University of Botswana and boasts a professional career…