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The two mines, which are owned by Johannesburg Stock Exchange -listed ZCI Investments through its operating subsidiary Messina Copper Botswana (MCB), were placed under provisional liquidation twelve months ago after failing to pay creditors. Holding...

While the 45% drop in impairment charges to P21 million helped shore up profits, the bank also gained from a 30% rise in net interest income to P133 million. “Cost to income ratio reduced from 92% in June 2015 to 73% as at June 2016, mainly due to...

The first batch of BURS’ dog handlers are expected to graduate next week Thursday before they are deployed to the entry points ahead of the festive season. BURS commissioner of customs and excise, Phodiso Valashia told Mmegi yesterday  that   ...

Shrenuj Botswana’s parent company, Shrenuj &Co has run into trouble in India where it is failing to pay back lenders about $450 million. As a result of troubles at Shrenuj &Co, De Beers has suspended the company’s allocation of diamonds (sight)...

In a statement to shareholders, Turnstar said in light of the significantly stronger pula, it is undertaking a review of the forecast financial information, on which the conversion price was based, in order to finalise an appropriate conversion price...

Speaking at a Standard Chartered Bank Botswana business banking breakfast meeting held recently, Jefferis said the majority of Botswana firms largely depend on government tenders for support, a business model that will not be effective if they want...

Can Manufacturers produces and supplies a range of cans for packaging of food items. In a notice released this week, the Competition Authority says it has received a merger notification for a proposed disposal of all the manufacturing assets of Can...

In a statement, the country’s largest bank by assets gave notice to exercise its option for the early redemption of two bonds totalling P179.5 million that were supposed to mature in 2021. “First National Bank of Botswana Limited gives notice to...

After Trump, who in the build up to the election threatened to renegotiate trade deals, impose high import tariffs and stirred fears of a currency war with China, was announced winner on Wednesday, stock and currency markets in South Africa and other...

Speaking during the De Beers Diamond Conference 2016 held in Gaborone, Molefhi said government has taken some initiatives which they hope will bring back viability to the sector. “Some of the initiatives geared towards improving the business...

Alpha Capital had agreed to buy all the diamonds produced at the Botswana-based mine for a period of six months, but had failed to make payment for the first parcel, despite written acknowledgement that payment was due. Kimberley said on Tuesday...

The temporary reprieve for the 400, effectively rendered 4,600 Tati and BCL workers unemployed from  October 31, 2016. Provisional liquidator Nigel Dixon-Warren yesterday told Mmegi Business that the 400 workers will be remain employed until a...

Presenting the 11th National Development Plan (NDP11) to Parliament Wednesday, Finance minister Kenneth Matambo said the proposed rule is aimed at ensuring that revenues from non-renewable sources are largely invested in physical, financial and human...

According to figures released by parent company, Anglo American, production at Jwaneng rose by 47% as a result of planned maintenance in the third quarter of 2015 being prioritised in light of trading conditions. However, the huge output rise at...

Available statistics show that government has been regularly drawing down on its deposits at the Bank of Botswana (BoB) with P3 billion having been withdrawn in the first three months of the 2016/17 financial years. On the other hand, at least P2...