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Botswana Guardian August 7, 2020 1 Botswana Guardian www.botswanaguardian.co.bw August 7, 2020 www.botswanaguardian.co.bw 1 Est. 1982 Fearless and Responsible ISSUE 4: Friday 7 AUGUST 2020 Alcohol industry jobs on the line p8 Botswana will send peace BDP in sixes troops on a and sevens need-to basis Ernest Moloi BG reporter Nicholas Mokwena Botswana will deploy troops BG reporter in peacekeeping missions only when there is “absolutely certain ember of positivity” that such effort will result Parliament in the promotion of a settlement, Mfor Jwaneng- President Dr. Mokgwetsi Masisi Mabutsane Mephato has said. Reatile has put his Masisi who is the incoming Chair party - Botswana of the SADC Organ on Defense, Democratic Party Politics and Security Cooperation (BDP) - in an told the media Wednesday evening awkward position. at State House 1 Gardens after a virtual Summit of the Organ Troika This follows his BDP MPs losing trust in Reatile plus Force Intervention Brigade- decision last week Troops Contributing Countries ‘VP and other senior party MPs not to vote with his (FIB-TCC) and the Democratic supported the motion so expectation colleagues for the Republic of Congo (DRC). was that Reatile will vote with us’ suspension Flanked by ministers Unity Dow I am a BDP member in good standing- SEE PAGE 6 and Kabo Morwaeng of Foreign Reatile SEE PAGE 5 LECHA LOAN #Areyeng BSB BotswanaBotswana Guardian Guardian 22 BGBGMARKETS MARKEts www.botswanaguardian.co.bw www.botswanaguardian.co.bw AugustAugust 7, 7, 2020 2020 Sefalana pays shareholders AbsaBotswana Guardian 2BG BGreporterMARKETS company annual financial statements. www.botswanaguardian.co.bw The divi- July 17, 2020 dend will be paid around the 25 th of August 200 appoint Sefalana group last week announced that the to shareholders registered by 14 th of the same board of directors ETFhas approved trading 27.5 thebe per up month. in Sefalanathe isfirst a fast moving half consumer of goods 2020 BG reporter According a new report from BSE, the ETF From a price return perspective, the NewGold significant reductionnew in trading activity compared ordinary share as gross dividendturnover for amounted the toyear P98.6 million,group a 59 percent which ETF has price also gained invested 30.5 percent asin the several global Gold sectors to the same period in 2019. Theended Exchange April Traded 2020. Funds This trading follows at the increase the recentfrom the P62.0 publi million- turnoverof the realised economy metal here price continued and in to the rise, whileSouthern NewPlat and African The valuefinance of bonds traded during the year- domestic bourse improved by almost 60 percent in the first half of 2019. region. NewFund ETF prices declined 7.5 percent and 7.9 to-date period was P395.8 million compared to duringcation the offirst the six months of the year when “The number of units traded increased from 0.58 percent respectively,” said BSE. P523.8 million traded during the same period compared to the same period last year. Million units in 2019 to 0.72 Million units in 2020. Meanwhile, the bond market experienced a in 2019. chief BTC halts INVESTOR CONTRIBUTION IMPROVES More Turnstar meeting BGDuring reporter the first half of 2020, local companies on the Botswana Stock FY 2020 AfDB Exchange (BSE) contributed 65.1 electricity coming in two weeks Absapercent toBank total turnover Botswana compared hasto 60.7 announcedpercent in the corresponding the dividend BG reporter the company, have raised 2019 period. Local individuals imported appoints appointmentcontributed 6.4 percent of Cyn of total- on Covid their hands to be re-elect- thiaturnover Morapedi recorded during as the this during Turnstar Holdings an- ed into theboard. The financeperiod, a significant director improvement and meeting will also approve from the 2019 contribution of 4.9 19 newnual general chiefmeeting Executivepercent during the Director corresponding Q1:2020 will be hosted on the 20 remuneration for direc- period. During this period, the top ofthree the traded Board, companies effecin terms- of BG reporter th August 2020 at the tors for the period under tivevalue were 24 Sechaba July (P68.8 2020. Million), economistgroup centremanage- review.ShareholdersDr Rabah Arezki will SheLetshego is (P60.8 Chartered Million) and FNBB Botswana,BG reporter a landlocked country ment within Game City also have an opportu- (P55.9 Million). continues to get more power from Accountant with outside as shown by a new report BGmall. reporter The meeting willat thenity World to Bank, appoint a role he has Ernst held andHe is a senior fellow at Harvard OPEC+ PREPARES TO overRESTORE 16OIL SUPPLY years work fromBotswana’s Statistics Botswana. biggest According since 2017. University’s John F. Kennedy School also be held online for Young as auditors. In The Oil cartel Opel says it will to the report, during the first quarter he African Development Bank Prior to joining the World Bank, of Government, an external Research experience, joined telecoms company withhold 7.7-million barrels a day in of 2020, the physical volume of interestedGroup has appointed unit Drholders. Rabah Arezkiaddition, worked at the thesharehold International Associate- at the Oxford University, the Bank in October August compared with 9.6-million importedby assets, electricity BTC increased Lim by- TPartArezki of as Chiefthe agenda Economist will and beMonetary ers willFund (IMF)also frombe asked2006 UK, to a research fellow at the CESifo, a 2015now. Oil as cartel the Opec+ Financial and its allies 180.0 percent (340,286 MWH), Vice President, Economic Governance to 2017. global independent research network. ited this week an- consider having future will restore some oil supplies in from 189,065 MWH during the andto Knowledge receive, Management, consider effective and He started his career at the IMF as Arezki is also a resource person for Controller, and has August, but the impact will be firstnounced quarter of 2019 that to 529,352 due Octoberadopt 2020. financial A citizen of Algeria, results he an Economistannual and reports became the published Chief the African Economic Research since“barely felt”cemented as demand recoversand MWH during the current quarter. is currently the Chief Economist for of the Commodities and Environment Consortium and a Research Fellow at to ‘the uncertain- to January 2020. Patrick and circulated to from the coronavirus crisis, Saudi “This increase was necessitated Middle East and North Africa Region Unit in the Research Department. the Economic Research Forum. successfully led the ties presented by Arabia’s energy minister said on by the need to augment domestic Balopi and Mokgadi Nte- unitholders electroni- teamWednesday. into a dynamic production.the COVID-19 Compared pan to- ta, who are directors of cally. and high performing thedemic, previous quarter, the Boardimported moment RAND FIRMS ON COVID-19 electricity during the first quarter team, while signifi- have recommended VACCINE HOPES of 2020 shows a slight decrease of moment cantlyThe rand contributing was firmer on 0.3that percent out (1,685 of prudenceMWH), from toWednesday, the Finance in line withDe -its 531,036no MWH final during dividend the fourth emerging-market peers, as progress quarter of 2019 to 529,352 MWH partment.in the development of a Covid-19 duringbe thedeclared quarter under in review,” or- Priorvaccine toboosted joining investor the risk saidder the report. to retain cash in appetite. The US pharmaceutical The country is importing bank, she amassed the businesses. The company Moderna reported power mainly because of the non- vastprogress finance in the development expe of- a functioncompany of its biggest recently power plant, Covid-19 vaccine, saying that the Morupule B power station which rience as a leader announced its year vaccine produced antibiotics to the needs maintenance and corrective responsiblecoronavirus in all patients for testedar- in measuresended before financial it can operate re at- easan initial such safety as trial. financial The findings thesults 600mw to capacity. March 2020, raised hopes that a vaccine could be reporting,brought to market businessquickly. following a delay planning, perfor- mainlyGold due to Co- GOOGLE BUYS STAKE IN RELIANCE manceGoogle will and buy aanalyt $4.5bn stake- ronaoutput Virus. For the ics,in Reliance’s tax management, digital unit and jointly year under review, treasurydevelop an entry-level operations, smartphone profit was P106 mil- with the Indian conglomerate, the rebounds generaltwo companies administra said Wednesday- lion compared to tion,as global governance tech giants race to and grab a stronglyP162 million aon year share of the country’s huge market. control.“We are delighted Morapedi to welcome recoveriesago. Meanwhile, the holdsa household a Mastersname in India of and company plans a worldwide, Google, and have Businesssigned a binding Adminis partnership and- structural cost re- trationinvestment agreement,”(MBA) Reliancede- duction programme GOOD LIFE PRIOR TO COVID-19...moments like this will not be seen in the next coming PIC: BOTSANG MOITOI greechair Mukeshfrom AmbaniOxford told enabled by digital winter Parliament session due to COVID-19 protocols. shareholders at the oil-to-telecom Universitybehemoth’s annual Brookesmeeting. transformation and (UK),FOSCHINI TO as BUY SOMEwell JET as ASSETS a automation in or- Chobe to host annual meeting in August Bachelor’sFoschini Group degree said on Monday in der to drive EBIT- Accountingit is set to buy some obtained stores and DA growth. BG reporter of the zero distribution of dividend among others. At the selected assets of JET for R480m same meeting, there will be the re-election of directors, fromfrom Edcon’s the University administrators, ChobeBG reporter Holdings, the tourism and hospitality group will A.Cpublished Dambe, K.Ledimo, this week.J.M Nganunu “A Macharifew other as well allowing the South African retailer ofto expand Botswana. into the apparel Cyn market.- BG reporter hold its annual general meeting on the 11th August 2020 asfirms the appointment based of directors,their namelyexpectation J.K Gibson and of at Avani Gaborone Hotel.
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