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FRIDAY 03 APRIL 2020 - 04 APRIL 2020 VOL. 2 ISSUE #291 VAT#: C31201701111 PRICE: BWP 10.50 (Inc. VAT) Did Masisi withhold vital COVID-19 info from the public? The case of a Ramotswa granny who was buried without even her family knowing that she died of the coronavirus has laid bare Botswana’s poor healthcare system and the country’s fickle state of preparedness in the face of the pandemic. Questions are now being raised about the reliability of President Masisi’s adhoc committee that seems to have conspired to withhold the truth about the Ramotswa incident. Staff Writer KABO RAMASIA reports.

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Terms and conditions apply. THE BUSINESS WEEKLY & REVIEW 2 Friday 27 March 2020 - 02 April 2020 www.businessweekly.co.bw News PPADB jumps on the INSIDE

News 2-9 Tax & your Pocket 10 cessation bandwagon Companies & Markets 11 Motoring 18 • Value of tenders in 2020 to significantly decline • Almost P2bn worth of tenders awarded in 2018 Sports 20

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Editor Tshireletso Motlogelwa [email protected] Sub Editor Douglas Motheo [email protected] Editorial Coordinator Kitso Dickson [email protected] Graphics Guy Taelo Maphorisa [email protected]

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Commentaries, letters and columns present are the views of the authors and not necessarily those of PPADB Executive Chairman, Elijah Motshedi (Pic: Taelo Maphorisa) The Business Weekly & Review Kabo Ramasia and Education Manager, Charles registration and capacity adjudication and award of Staff Writer Keikotlhae has said. building, as well as tenders tenders will continue,” Keikotlhae PUBLISHED BY Only tenders related to administered by PPADB that are said, adding that the decision is in THE BUSINESS WEEKLY & REVIEW he Public Procurement emergency services related to the currently floating, both manual line with President Mokgweetsi Post: Post Net Kgale View 449 ADD, and Asset Disposal Board fight against COVID-19 will be and online. Masisi’s declaration of a 28-day Gaborone, Botswana (PPADB) has suspended all considered and processed. “In cases of emergency like state of emergency in order to TEL: (+267) 3170 615 T services until further notice, the The suspended services include those intended to address the Unit 16, Gaborone International organisation’s Public Relations but are not limited to contractor COVID-19 situation, evaluation, to page 4 Finance Park, Gaborone, Botswana

[email protected] www.businessweekly.co.bw THE CORONAVIRUS DEATH – HOW THE CONNECT WITH US Follow: @TheBWRBotswana COUNTRY’S FIRST COVID-19 EXPOSED facebook.com/businessweeklyBW instagram.com/businessweekly_BW BOTSWANA’S WEAK RESPONSE STRATEGY • Low testing rate worries Masisi • Health committee chair decries delayed results

Kabo Ramasia the World Health Organisation that shares the border with to think and plan ahead for the WEATHER Staff Writer (WHO) has labelled a pandemic. Zimbabwe, Zambia, South Africa pandemic. “Last night (Monday) Botswana and Namibia. The country’s risk “We are probably two Maun TODAY (FRI) Botswana registered its confirmed with regret three is exacerbated by the flow of weeks behind the war on first confirmed 3 cases of the cases of the Covid-19 virus,” illegal immigrants who enter it Covid 19,” Tshere, who is o Covid-19 on Monday this the President said. “I have been at ungazetted points, especially the MP for Mahalapye West 35 week, raising panic and fear monitoring closely the situation from Zimbabwe. and a biomedical engineer Lo 12°C among Batswana to levels with keen interest and it has According to officialby training, said. “I will also not experienced since the become apparent that urgent and information, two of the people call the health committee of plenty of sunshine deadly disease struck China in necessary steps need to be taken who tested positive were a couple Parliament to take a position 3 DAY FORECAST December last year. to protect our country and its that had travelled to Thailand on on Covid-19 or (issue) a By Tuesday night, the Vice people from this deadly virus.” 10 March and returned on 20 statement and we will publish SATURDAY President, Slumber Tsogwane The President characterised March. The third was a 47-year it.” was announcing a fourth case COVID-19 as “an eminent old man had travelled to the UK According to the MP, it 37° and the country’s first death threat” to Batswana. “The threat on 29 February and returned takes a week for Botswana’s from the coronavirus, with on 21 March. In the couple, the Lo 12°C to Botswana has escalated results to be verified in South the patient - a 79-year old considerably in view of the man is aged 42 years and his 40- Africa that first clears its own sunny and nice woman in Ramotswa - having fact that our neighbouring year old wife. All three are in tests. “It appears the disease SUNDAY breathed her last on 25 March. countries have seen a rapid rise in quarantine. is a week ahead of us on The granny, Ms. Kwetsi confirmed cases, some of which Fear is mounting because account of delayed returns,” 37° Shelmida Magakwa, was have resulted in fatalities” he Batswana generally think their he emphasised. “We should Lo 15°C buried in accordance with said. “The return of some of our country is not ready to tackle intensify testing with the local MOSTLY sunny unknown rites last Sunday. citizens and residents from high the deadly virus and that the low machine and use the results MONDAY Earlier on Tuesday, President risk countries has also escalated testing capacity means there is for planning purposes while Mokgweetsi Masisi had made the threat to the virus in our much more than meets the eye. waiting for diagnostic results.” a televised address about country. The other challenge The Business Weekly & Review This publication is informed 39° Botswana’s readiness for is the low rate of testing of contacted the Chairman of that Botswana conducts Lo 13°C Covid-19. suspected cases in Botswana the Health and HIV/ AIDS tests at the National Health PARTLY sunny Masisi seized the and (the) cumbersome health Committee in Parliament, David Laboratory (NHL) and sends Source: www.accuweather.com opportunity to warn the nation protocols.” Tshere, who said the government the results to South Africa for about the virulent disease that Botswana is a landlocked is constrained by delayed results confirmation/verification. THE BUSINESS WEEKLY & REVIEW News www.businessweekly.co.bw Friday 27 March 2020 - 02 April 2020 3 Did Masisi withhold vital COVID-19 info from the public? The case of a Ramotswa granny who was buried without even her family knowing that she died of the coronavirus has laid bare Botswana’s poor healthcare system and the country’s fickle state of preparedness in the face of the pandemic. Questions are now being raised about the reliability of President Masisi’s adhoc committee that seems to have conspired to withhold the truth about the Ramotswa incident. Staff Writer KABO RAMASIA reports.

resident Mokgweetsi Hospital while the man from (NHL) conducts tests for Covid-19 MP for Mahalapye West and a the results are out. This applies Masisi, Vice President the UK was quarantined at an but sends most specimens or tests biomedical engineer by training. even when conducting post- Slumber Tsogwane and the undisclosed location. to South Africa for confirmation. “We could test with the local mortems to prove causes of death. P The Business Weekly & Review machine intensively up to 600 In his latest report titled “The Minister of Health and Wellness But when Vice President Dr Lemogang Kwape may have Tsogwane announced a fourth is reliably informed that it takes a day, then while we wait for Economic Impact of Covid-19, misled the nation about the COVID-19 case on Tuesday, it was about 48 hours for the results to the SA verification, we could March 2020” that was published Covid-19 situation in Botswana, with the shocking news that the be out in Botswana before being be having something to use to last week, the Managing Director especially regarding positive cases woman, whose identity was not shipped to SA for confirmation. plan for something else. We are of E-Consult, Keith Jefferis, said recorded, The Business Weekly & revealed, had already succumbed While it is not clear if the probably two weeks behind the the disease would overburden the Review has learnt. to death from the virulent disease state concealed the details of war on Covid 19.” healthcare system. “No cases have As details begin to emerge on that is at once infectious and the woman’s death, sources say He said he intended to pursue yet been reported in Botswana, the real state of affairs in Botswana contagious and had already been the Covid-19 disease must have the matter when Parliament but it is inevitable that Covid-19 regarding Covid-19, it has come buried. long arrived in the country assembles in an emergency will eventually appear in the to light that the state secretly “We now report a fourth but remained undetected due session called by the President country,” Jefferis wrote. buried a 79-year old woman in Covid-19 case,” the Vice President to the country’s poor health next week. “I will call the health “When it does, it will impose Ramotswa over the weekend said. “This case is of a 79-year infrastructure and suspect testing committee of Parliament to take a considerable burden on both without anyone knowing that old lady from Ramotswa who capability. a position on Covid-19 or (issue) the public and private health Kwetsi Shelmida Magakwa had unfortunately demised on the The Chairman of the Health a statement and we will publish systems. On the expenditure died of the coronavirus. 25th March and was buried & HIV/AIDS Committee in it,” he said. side, some additional funding Only the President, the Vice over the weekend on the 28th Parliament, David Tshere, says This publication gathered that will be required for healthcare President, the Minister of Health March, 2020. She had travelled it would be unfortunate if the the disease is ahead of efforts to and for other interventions to and Wellness and other members to Motswedi, South Africa on the nation was misled. “What I tackle it. Under Botswana laws, mitigate the economic impact of of the Covid-19 national 14th March 2020 and returned think we should do is increase someone is said to be sick only Covid-19.” committee knew the truth and the following day on the 15th testing,” said Tshere, who is the when they have been tested and seem to have conspired to keep it March 2020.” from even members of Magakwa’s Tsogwane said the woman family, a female of 40 years and had first shown symptoms on his husband who is 42 years old. 21 March and developed a fever Botswana officially Monday afterwards. She was quarantined night, registered its first three at her home before being positive cases of the virus. Health admitted at Bamalete Lutheran Interest Rates - April 2020 minister Dr Kwape disclosed the Hospital. “She was seen in news to the nation in a televised Accident and Emergency and update that was also on Radio put under mandatory quarantine Botswana. The case were made where she died on the 25 March up of a married couple that 2020 and burial conducted with Standard Chartered Bank offers market - leading had travelled to Thailand on 10 (the) necessary precautions rates for your deposits. March and returned to Botswana of someone suspected to have through Dubai on 20 March and a a highly infectious disease,” Nominal Interest Actual Interest Minimum Opening Type of Deposit Account 47-year old man who had travelled Tsogwane said. Rate (%) Rate (%) Balance to the UK on 29 February and But the burial appears to have (Lowest - Highest) (Lowest - Highest) (Pula) returned to Botswana 21 March been such a highly guarded Current NIL 2020. In the couple that returned secret that even people at the from Thailand, the man is aged health ministry were not aware Call 0.10% - 0.40% 0.10% - 0.40% 10,000 42 years while his wife is aged 40 of it. A source there has told this Savings (Tema) 0.25% - 3.00% 0.25% - 3.04% 500 years. publication that the information Ordinary Savings 0.00% - 0.75% 0.00% - 0.75% 100 In the televised address, Dr as revealed in the Vice President’s Kwape told the nation that the televised address came as news to 30 Days 0.30% - 0.75% 0.30% - 0.75% 1,000 couple was in quarantine at them too. (Regular Fixed Deposit) the University of Botswana’s According to another source, 90 Days 1.25% 1.26% 1,000 Sir Ketumile Masire Teaching the National Health Laboratory (Regular Fixed Deposit) 6 Months 2.95% - 3.75% 2.97% - 3.79% 1,000 (Regular Fixed Deposit) 12 Months 4.00% - 4.25% 4.00% - 4.25% 1,000 (Regular Fixed Deposit) 12 Months 3.75% - 4.00% 3.75% - 4.00% 100,000 (Upfront Interest Fixed Deposit) 24 Months 4.25% - 4.75% 4.25% - 4.75% 1,000 (Regular Fixed Deposit) Over 24 Months NIL (Fixed Deposits)

Prime Lending Rate 6.25% Press Photo Press THE BUSINESS WEEKLY & REVIEW 4 Friday 27 March 2020 - 02 April 2020 www.businessweekly.co.bw News Troubles brews as FCB closes shop • All employees retrenched • Fierce battle between FCB staff and company ensues

Staff Writer Tropical Forest Conservation debt whose outstanding principal their exit packages following packages to the ministry on the Fund (TFCF) in Botswana. It sums at the effective date was their retrenchment. The board 21 February 2020. This was after cores of Batswana in rural was formed to offer eligible US $7 438 975.24(more than P70 has since escalated the matter to the staff petitioned the CEO areas have been left in the developing countries options to million). Ministry of the Environmental, on the 21/02/2020 demanding lurch after community trust relieve certain official debt owed But instead of Botswana Natural Resource Conservation agreement on staff separation S to the US while generating funds reimbursing the amount, the and Tourism for intervention. packages by the 24/02/2020. financers, Forest Conservation Botswana (FCB), closed shop to support local tropical forest US government entered into an According to one of the But the CEO allegedly shifted under mysterious circumstances. conservation activities. agreement that a company called letters from FCB, the Finance attention and blamed the The Ministry of the Documents passed to this Forest Conservation Botswana Manager, Kempho Tsheko, is also Permanent Secretary. Moloi said Environment, Natural Resource publication show that the US (FCB) be set up. Its main aim was demanding her exit package. The his understanding was that the Conservation and Tourism has and Botswana had entered to support grants to maintain, company board and the Chief negotiations requested should been sucked into a fierce battle into an agreement regarding conserve and restore the Executive Officer, Joshua Moloi, have taken place between FCB between FCB staff and the reduction of certain debts owed country’s forest resources within are alleged to be failing to provide management and the Board. “But company over severance benefits. by Botswana to the United States and outside protected areas and answers to her demands. that can only surface as a case to The company, which was and its agencies on 5 October even provide funds to community In her letter dated 26 March answer for FCB if indeed, in terms formed through a partnership 2006. They also show that there projects in the rural areas. 2020, Tsheko, through her lawyer of FCB conditions of service and between the governments of was money that Botswana had But now the company, which Dineo Makati Mpho, makes a the Employment Act, ameeting Botswana and the US, recently borrowed from the US totalling was seen as a noble gesture by demand for what she believes was supposed to have taken place wrote a string of letters to its staff more than P70 million at the the US, has reportedly run into is due to her. “We reiterate our and that is if it is a requirement announcing that it was closing time. The loan was secured on trouble. The Business Weekly position that the FCB is obliged by law,” says Moloi. shop. 30 June 1971, 31 August 1972 and & Review is in possession of to negotiate with our client According to an FCB insider, FCB is registered under 13 June 1973 and Botswana was documents showing that some regarding her exit package,” the Botswana has paid its debts to the Botswana`s Companies Act under an obligation to repay the employees of the company are letter reads. “Our client is ready US and it is now closing down the and is mandated to manage the principal amount and interest on battling with the board over and available at any time today company as there are no longer and tomorrow for negotiation of funds to run it. But the company her exit package. The law is very is said to be cash-strapped, hence clear that negotiations on exit it is retrenching staff. This is package must be done and should borne out by minutes of the we not receive the undertaking Board in which it states that a by today as requested, we bear liquidator would be appointed. instructions to take the matter to This publication’s investigations Savings and Investment rates court.’’ can reveal that the company was effective from 1 April 2020 By a letter dated 23 March currently left with 10 employees 2020, Moloi complained to the who were serving three months’ Permanent Secretary at the notice because their contracts Normal Interest Effective Interest Minimum Opening Ministry of the Environment, would end on 31 March 2020, Rate* Rates* Balance (Pula) Natural Resource Conservation which was on Tuesday this week. and Tourism that there was Establishment of FCB was violation of FCB’s conditions of triggered by enactment of the 0.00% - 2.8% 0.00% - 2.8% 10,000 service. The Board is yet to receive Tropical Forest Conservation Call a response from the ministry on Act in 1998. It was enacted by the the matter. Minutes of a closed US government to offer eligible 0.00% - 2.50% 0.00% - 2.53% 120 session Board show that the Board developing countries options to Savings agreed on 18 September 2019 to relieve certain official debt owed Ipeele issue an official notification to to the US while generating funds close the company down on 31 to support local tropical forest 2.75% - 3.65% 2.90% - 3.71% 100 Savings March 2020 while the effective conservation activities. SureSave date for redundancy was set as 31 In an interview with this March 2020. publication, Acting PS, Dr. 2.50% - 3.00% 2.53% - 3.04% 100 Documents show that FCB Oduetse Koboto, confirmed Savings Lebandla management has tried to closure of the company but further negotiate with FCB staff would not provide any details on representative and re-submitted the matter save to say a liquidator 91 2.40% 2.42% 1,000 the proposed staff separation would be appointed. Days

6 2.75% 2.77% 1,000 Month PPADB jumps on cessation 12 3.65% 3.65% 1,000 combat COVID-19. submissions but only 253 of Month those submissions required the VALUE OF 2019/2020 Board to make adjudication 24 3.75% 3.75% 1,000 TENDERS TO DECLINE decisions while the rest were Month Further, the decision will only for noting. The Board reduce the number and value approved 131 submissions of tenders which will be or 52 percent, deferred its Prime Rate awarded during the current decision on 65 or 26 percent financial period. According and rejected 57 or 22 percent Quotations can be obtained from our Treasury department for periods longer than to the PPADB annual report, of submitted requests. This 12 months and amounts from P1million and above. tenders awarded during the represents a decrease in the T’s & C’s apply 2017/18 fiscal period were approval rate from 64 percent *Lowest to highest valued at P1.9 billion, a major during the previous financial For more information contact one of our branches: decline from the P6 billion year to 52 percent in the year Airport Junction - 318 5903 | CBD - 371 5470 | Francistown - 244 2323 | Game City - 318 1077 in the 2016/17 financial year. under review. Ghanzi - 659 7353 | Kang - 651 7190 | Kasane - 6250123 | Mall - 367 1601 | Mahalapye - 471 2952 However, PPADB is yet to Deferrals increased from 21 Molepolole - 592 1444 | Maun - 680 0810 | Palapye - 492 4477 release the 2018/19 annual percent to 23 percent while www.bankgaborone.co.bw report which will show the rejections increased from value of tenders during that 15 percent to 23 percent, fiscal period. compared to the previous year. According to the latest The decrease in the percentage annual report, the PPADB of approvals and the increase Board received 614 tender to page 06 THE BUSINESS WEEKLY & REVIEW News www.businessweekly.co.bw Friday 27 March 2020 - 02 April 2020 5 Absa offers debt relief to its clientele • Bank says programme applies to all its market • Relief targets customers, business banking and wealth customers

Kabo Ramasia give customers the opportunity the bank said. Absa has extended this been given a three months rental Staff Writer to either continue paying if they For his part, Arrie Rautenbach, liquidity relief programme to all holiday. are in a position to, to pay reduced Chief Executive of Absa their markets in Africa but they South Africa has registered he South African banking instalments by agreement with Retail and Business Banking said the implementation will be over 1300 Covid-19 positive cases group, Absa, has launched the bank or to defer payments for (RBB) South Africa said: “The guided by laws and regulations and four deaths. In Botswana, Ta debt relief programme a period of three months.” programme is testament to our across the various jurisdictions. the lull ended this week when that is aimed at relieving its Throughout the reliefcommitment to finding real, Additionally, the banking group the first person to die from the customers of any economic programme, relevant agreements customer-focused solutions, in has also extended the gesture disease was buried on Sunday distress that they may suffer amid will be revised, hence revising a time of great uncertainty for to Small Medium and Micro and the first three positive cases the Covid-19 pandemic. loan periods and interests rates, everyone.” Enterprises (SMMEs) who have were confirmed on Monday. The measures, which bank announced this week, will target any customer within the bank’s market in all countries where Absa operates, including Botswana. This comes at a time when South Africa and the rest of the world are grappling with the dire effects of the Covid-19 disease which is taking a toll on economies and threatening the existence of humankind. “We realise that this is a difficult time for our customers and businesses whose financial means are being negatively affected,” said Daniel Mminele, Group Chief Executive of Absa. “After careful consideration and engagements with regulators, With the outbreak of COVID-19, the world we are pleased to introduce a comprehensive customer, is facing an unprecedented challenge. business and corporate relief We’re programme. This programme, But by working together, as businesses effective on Monday, 30 March 2020, is in line with the principles and communities who care for one of an industry-agreed approach.” another, we can survive this. We can help In the same note, the bank investing encouraged those who have the each other. We can restore our well-being capacity to pay loans to continue paying so that it could extend and our economy. the liquidity relief programme to more customers. “We urge those for a world Since we opened our doors in ’91, change of our customers who are able to continue making their payments is something we’ve become accustomed to do so,” said Mminele. “This to. Tackling it head-on is our philosophy, will enable us to extend these measures to many more who are of change. and we’re harnessing it now, to deal with not in a similar position.” whatever challenges we all face. Further, the bank revealed that eligible clients who need short- term liquidity relief qualify for Because we’re Batswana: a special breed Absa’s credit products. According of resilient people, and we’re built to take to Absa, the relief measures apply to Absa’s corporate, wealth, on change. business bank, private bank and retail customers. “Crucially, this programme will not attract additional administration fees for customers,” it said. As measures to mitigate the effects of the Covid-19, Absa said support rendered to corporate and business banking clients will be tailor-made based on their unique requirements and operations. “The programme incorporates a three-month payment relief and allows customers in need of short-term financial relief to reduce their monthly instalments,” the Group Chief Executive, Mminele said. Investing for a “Customers in good standing (with up-to-date accounts) world of change and who have been financially impacted by the pandemic will Ninety One Botswana Proprietary Limited is a member of the Non-Bank have the opportunity to opt- Financial Institutions Regulatory Authority. in for payment relief, aimed at assisting with cash flow needs. This means the programme will THE BUSINESS WEEKLY & REVIEW 6 Friday 27 March 2020 - 02 April 2020 www.businessweekly.co.bw News

from page 04 PPADB jumps on YOU ARE FIRED the cessation Companies let go of workers bandwagon

in both the deferral rate and value of tenders awarded through amidst Covid-19 strife the rejection rate require that micro procurement for the measures be put in place to attain 2017/18 financial year amounted • Ominous letters offer little hope of remission the Board’s target of 70 percent to P402.6 million compared • Wayward behaviour flies in the face of the President’s approval, 20 percent deferral to P335 million in the 2016/17 rate and 10 percent rejection financial year. assurances of assistance to deserving companies rate, according to PPADB’s chief However, performance executive, Bridget John. regarding contractor registration According to John, during the improved significantly during Kabo Ramasia shutdown is lifted and cashflow grievances of unfair treatment 2017/18 financial year, PPADB the 2017/18 financial year. The Staff Writer into the business allows.” among the rest. approved tenders whose value number of contractors registered On 17 March Thamalakane In Tlokweng, Puma Filling exceeded the thresholds of the with PPADB increased from nvestigations by TheRiver Lodge in Maun retrenched Station in has also put Ministerial Tender Committees 21664 in 2016/17 compared Business Weekly & Review some of its workers, citing the compelled its employees to (MTCs) and considered to 28047 during the period Ihave revealed that firms impact of COVID-19. “It is with take 28 days of unpaid leave. retroactive requests of any value, under review. The board further in Botswana are using the great sadness that we have to The wayward treatment given that the committees have revealed that revenue generated tribulation of COVID-19 as inform all staff members that of employees of workers and not been authorised to consider through contractor registration an occasion to save and profit the COVID-19 and the closure of employees flies in the face of such retroactive requests. during the reporting period by imposing unpaid leave borders to countries has put the President Masisi’s televised In the previous review period, declined by 26.64 percent from on employees and by other company under financial pressure address on Monday this the Ministry of Transport and P17.2 million in the previous forms of marginalising their to the point where all income has week in which he said the Communications had the highest year to P12.6 million in 2017/18. hirelings. been lost, bookings (have) been government would devise value of awarded tenders at John says the reduction was as This publication hascancelled and clients requesting plans to stabilise businesses P3.5 billion, compared to the the result of the introduction of gathered information that to be refunded,” the company impacted by COVID-19. value of P938 million in 2017/18, online verification of contractor in extreme cases, firms are wrote to its employees. “We have “To give businesses some although it remained the highest registration in tendering which leveraging on the onslaught no other choice but to reduce cash flow relief, government in terms of value of awarded replaced manual submission of of the coronavirus to retrench our staff members and introduce will do the following: tenders. This was followed by the certified copies. Furthermore, the workers. reduced working hours.” guarantee loans by commercial Ministry of Health and Wellness merging of codes and sub-codes On Tuesday, GIPS College By way of mollification, the banks to businesses mostly at P590.6 million. The Ministry during the review of contractor announced through a company noted that should affected by Covid-19, give of Infrastructure and Housing registration resulted in a loss of statement that staff members there be any improvement of eligible businesses affected by Development had the least value revenue. would go on unpaid leave the financial crisis, it would give COVID-19 access to credit to of tenders awarded by the Board, because of the government’s preference to staff members support ongoing operations which stood at P2.4 million as decision to close schools. when it hires in the future. in conditions where credit According to the latest its MTC handled almost all its Riding on President The Business Weekly & becomes more difficult to annual report, the PPADB tenders. During the period under Mokgweetsi Masisi’s Review’s investigations show that obtain, give tax concessions to review, the Board did not receive Board received 614 tender declaration of a 21-day state in Palapye, Mathudi Shades Hotel businesses in eligible sectors.” requests to award tenders from 13 of emergency and a further is involved in similar practices of Banks have also been called submissions but only remaining ministries. 28 days of thorough social- compelling employees to go on on to restructure their loan 253 of those submissions The Board awarded tenders distancing or lockdown, the unpaid leave. The hotel issued facilities and offer payment from ministries amounting to required the Board school’s Managing Director, letters of unpaid leave to workers holidays of up to three months more than P1.9 billion, which to make adjudication Arjinder Singh, wrote: “Your with effect from 1 April 2020. with the option of extensions represents a decrease of P4 billion employment is therefore A letter to one employee seen to six months. decisions while the rest or 68 percent on procurement temporarily suspended by this publication states: “We This publication could not approved by PPADB in the were only for noting. without pay with effect from regrettably inform you that this establish which criteria will previous financial year. John says 1 April 2020.” company has resolved that you as be applied to determine which the value of the tenders decreased Singh’s statement offers a staff member go on compulsory companies are “eligible” for “These enhancements were, because there was little progress little hope for remission from unpaid leave from 01st April this assistance. however, introduced to improve in roads projects during the hard times for the institution’s 2020 until further notice.” Botswana will go under a service delivery and reduce cost 2017/18 financial year. The value employees when he writes: According to the General lockdown with effect from for the customer,” John says. of tenders awarded through open “This can be further extended Manager, Matshidiso Makwapa, midnight on 2 April 2020. “Improvements in the turnaround competitive bidding amounted depending on further steps the company is struggling to At press time, efforts to time when registering companies to P1.4 billion, representing 38 taken by government and (the) make ends meet in the face of the solicit reach the Minister through the normal registration percent of the value of tenders company’s financial position.” COVID-19 pandemic. “This has of Employment, Labour process obviated the need for awarded by the Board during Employees of LOTEC been informed by the fact that Productivity and Skills companies to use the express the year under review against a Consulting (Pty) Ltd Mathudi Shades has been and Development, Mpho Balopi, registration as the latter attracts target of 70 percent of tenders will suffer the same fate. continues to be negatively affected hit a snag as all his numbers higher registration fees.” which should be subjected to “Following this morning’s by the COVID-19 pandemic as all were off air. PPADB has its fair share of competitive bidding. announcement by President other accommodation or tourism challenges. Some of the major Further, District Administration (Mokgweetsi) Masisi of a facilities nationally,” he wrote in challenges which persist include Tender Committees (DATCs) 28-day general lockdown a letter leaked to this publication. Riding on President non-submission of End of adjudicated a total number of commencing at midnight on “The cancellations,Mokgweetsi Masisi’s Activity Reports by procuring 1645 submissions amounting to Thursday 02 April 2020 and postponements, the use of entities. John says this constrains declaration of a 21-day P400.5 million as opposed to the extreme social distancing accommodation and conference the monitoring of performance of previous year’s 1667 submissions measures being enforced, we facilities by businesses, state of emergency contractors and tracking delivery totalling P398 million. During will be shutting the workshop government has seriously and a further 28 of awarded contracts, as well as the the period under review, the at 1630 hrs Wednesday 01st compromised the commercial effectiveness of the Suspension days of thorough Special Procurement and Asset April until further notice” the viability of our business, hence and Delisting Committee to social-distancing Disposal Committee (SPADC) company’s director, Tim Race, this decision. Your salary for this discipline defaulting contractors. adjudicated a total of 98 requests wrote to them on Monday this month will be paid no later than or lockdown, GIPS Furthermore, non-performing amounting to P3.604 billion, week. the 5th of April, 2020.” contractors continue to bid for Managing Director, compared to 169 in the 2016/17 Race’s warning about the According to a source, the and win government contracts Arjinder Singh, wrote: financial year amounting to a possibility of worse prospects management of the hotel recently and often continue with their total of P1.187 billion. The total is more ominous: “All staff will convened a meeting and told all “Your employment is unacceptable performance and value of procurement for PPADB be on unpaid leave until further 14 staff members that the labour therefore temporarily misconduct. and its committees for the notice. If this shutdown department had advised them “The performance of DATCs suspended without pay 2017/18 financial year amounted leads to any retrenchments, that the best option was to give in relation to compliance to the to P11.322 billion, excluding all severance packages will their workers unpaid leave. But with effect from PPAD Act needs to improve, micro procurement by ministries be paid in accordance with six staff members were seen 1 April 2020.” particularly where there are no lower than the 2016/17 financial the labour laws only after the working this week, prompting secretaries, resulting in poor year figure of P13.075 billion. The record keeping,” she says. THE BUSINESS WEEKLY & REVIEW www.businessweekly.co.bw Friday 27 March 2020 - 02 April 2020 7 THE BUSINESS WEEKLY & REVIEW 8 Friday 27 March 2020 - 02 April 2020 www.businessweekly.co.bw Tax & your Pocket

WRITE TO US AT BSE closes its The Business Weekly & Review P.O Box Post Net Kgale View 449 ADD, Gaborone doors in scare Tax Column www.businessweekly.com of corona Commentaries, letters and columns present here are the views of n the wake of President the authors and not necessarily those of The Business Weekly & Review Mokgweetsi Masisi declaring a Istate of emergency from midnight on 2 April 2020, the Botswana Stock Exchange has announced that their offices will be closed until further TAXPAYERS WISH notice. However, the BSE management has noted that critical functions of the exchange like trading, clearing and TAXMAN SOFTENS, settlement will continue as normal with staff working from home. CORONA-WISE Jonathan Hore Managing Consultant Aupracon Tax Specialists

Botswana Post Vows to Service Clients during the pandemic

• Students and old age pensioners can collect their money any day The moment the taxman Mails will be delayed due to • allows businesses to extend disinfection processes tax payment dates, the law Staff Writer prescribes the levying of otswana Post (BP) has compound monthly interest of announced that most of their 1.5%, which turns out to be an BBotswana Post products and effective 18.96%, per annum services will be available during the Covid-19 period except for inbound and outbound International Mail due to the closure of borders and cancellation of flights. Sethunya Mmusi, Marketing and Communications Officer at BP s a tax practitioner, a couple of EXTENDED PAYMENT TERMS 000 without interest. In exceptional explains that The Post wishes to take people asked me whether the It is now becoming axiomatic that some instances, taxpayers may be allowed to pay this opportunity to gently remind Ataxman will bring some sort businesses will be financially crippled and their full advance income taxes at the time the public that old age pension and of relief to businesses, considering the the taxman could come to the rescue by of filing returns, again without suffering Social Protection allowances are negative effects that the coronavirus has granting them extended tax payment the prescribed interest. available for collection at any post already had on the economy. You may terms. Taxes such as VAT, PAYE and Self Having stated what the taxman may Office, at any time of the month. She know that the tourism sector has officially Assessment Tax have prescribed due dates do, the responsibility of managing one’s said that they urge beneficiaries to stated that their businesses have been but affected taxpayers may be granted taxes lies with the taxpayer. Taxpayers are avoid coming to the Post Office at hit hard due to booking cancellations. extended payment terms, on application therefore encouraged to take the initiative the beginning of the month in large Other industries are also reeling under and after proving their case. This will not and approach the taxman for negotiated numbers. She explains that this is to pressure as cash runs short due to low only allow them to eventually comply with tax compliance terms, as detailed below. curb the influx of beneficiaries being businesses. The entertainment industry their tax obligations when the effects of TAXPAYERS’ INITIATIVE serviced at a go, especially in such a is also suffering from events cancellation, the virus are gone but it keeps businesses Whilst taxpayers are asking what the critical time where extreme social be they business meetings or jolly-jolly afloat, thereby preserving jobs. When I taxman can offer, I must state that there distancing is advised events. I will analyse what other tax was still a taxman, people used to warn me is nothing which stops affected taxpayers Furthermore, the BP management authorities have done as well as what the not to kill the cow that I milked as I would from notifying the taxman of the challeng- has explained that all mail will be taxman can also do to relieve struggling run out of milk the day after. In times like es they are facing, as well as how they wish subject to quarantine and disinfection taxpayers. In this article, words importing these, there is need to balance reality and to comply, despite the challenges. Practical- for a period of two weeks prior the masculine shall be deemed to include compliance, as long as affected taxpayers ly, written submissions to the taxman will to delivery, resulting in delayed the feminine. enter into written deferred tax payment set the ball rolling and taxpayers need to turnaround times. OTHER TAXMEN GO SOFT terms. get such letters stamped by BURS as proof The communications officer In response to the virus, the Inland WAIVER OF PENALTIES of submission. As stated above, this strikes explained that the post offices will Revenue Service of the United States of The moment the taxman allows a balance between tax compliance and sus- ensure all the precautionary measures America is reported to have extended businesses to extend tax payment dates, the tainability of businesses, which feeds into are observed by both the organisation the taxman’s coffers in future. We are all and customers. As such, Mmusi says the deadline for submission of individual law prescribes the levying of compound that each post office will only allow tax returns. Further, it is reported that monthly interest of 1.5%, which turns out aware that if businesses collapse, that hits a maximum of 25 customers in its the tax authority in Netherlands allowed to be an effective 18.96%, per annum. To the taxman’s collections as well. By default, premises, of which a maximum of 3 taxpayers affected by the virus to apply save affected businesses and preserve the tax concessions in times like this are be- to 10 customers being allowed in the for deferred tax payment terms of normal tax base for future tax collections, the coming international best practice. Post Office banking halls dependent taxes such as corporate tax, PAYE and VAT. taxman may give an interest dispensation Well folks, I hope that was insightful. As on the size. Sanitisation upon entry at The said tax authority has also extended to affected businesses approved to defer Yours Truly says goodbye, remember to pay all post offices will be enforced as per an offer to waive tax penalties arising tax payments. It is known that the to Caesar what belongs to him. If you want COVID-19 guidelines, she said. from non-compliance occasioned by the taxman’s powers are limited when it comes to join our Tax Whatsapp group, send me a During this period, Mmusi explains virus. Tax authorities in Germany have to waiving interest but consultation with text on the cell number below. that the Post Office operating hours also deferred tax payments and reduced the Minister become critical in such cases. Jonathan Hore is a Managing Tax Con- will be adjusted such that Monday the quantum of advance income tax REDUCTION OF TAX PAYMENTS sultant at Aupracon Tax Specialists and to Friday they will operate from payments, which we call Self-Assessment Just like the tax authority in Germany feedback on this article can be relayed to 0900hrs to 1300hrs and Saturday Taxes here. So, just in case you thought has done, affected taxpayers may be [email protected] or 7181 5836. from 0900hrs to 1100hrs. Mmusi says Yours Truly was fantasising in some allowed to reduce advance taxes, which we that to adhere to the social distancing dreamland, tax authorities worldwide are call Self Assessment Tax. This will allow requisites, customers are urged to in fact reacting to the effects of the virus them to balance cashflow obligations utilise online platforms specifically on business. I will analyse how the taxman as well as their tax bills. For example, a PosoMoney and the BotswanaPost can respond to the effects of taxpayers taxpayer who was supposed to pay SAT of website. locally below. P1m/quarter may be allowed to pay P400 THE BUSINESS WEEKLY & REVIEW

www.businessweekly.co.bw Friday 27 March 2020 - 02 April 2020 9 Companies & Markets

MARKET HIGHLIGHTS

MAJOR MARKET MOVERS (Thebe) 03/04/2020

Counter Share price Change (%)

Source: BSE

DOMESTIC EXCHANGE RATES 03/04/2020

Rate EURO/BWP 0.0761 GBP /BWP 0.0671 USD /BWP 0.0833 ZAR/BWP 1.5075 YEN/BWP 8.9300 Source: BOB It’s a darned familiar

WORLD MARKETS script for KBL As at 03/04/2020 INDEX VALUE % CHANGE ... as President bans sale of alcohol AMERICAS INDEXES KBL’s share price will decline in the course of the prohibition that invokes unpleasant Dow Jones 20704.91 +11.36 Industrial Average memories of the alcohol levy but may be a necessary rung in a raft of measures to tackle S&P 500 2447.33 +9.38 COVID-18. Staff WriterKABO RAMASIA reports NASDAQ 7417.86 +8.12 fter Kgalagadi Breweries Limited they lose money,” Juma points out. made by households will only be used for EUROPE, MIDDLE EAST & AFRICA INDEXES (KBL) almost collapsed as a result of In 2019, KBL sold 128 million hectolitres basics like food while luxuries like alcohol the infamous alcohol levy that was of alcohol every month, which resulted will suffer. EURO STOXX 50 2715.11 +9.24 A Price EUR effected by former president Ian Khama, in an average of P25 million in monthly “So for as long as disposable income FTSE 100 Index 5446.01 +9.05 his successor President Mokgwetsi Masisi profits. According to Juma, KBL will not is under pressure, KBL and other liquor DAX 9700.57 +10.98 has stopped the sale of alcohol for a month sell alcohol until the lockdown and/or traders will suffer,” Juma says, adding as one of several measures to contain the the state of emergency have ended. “Sales that for KBL, the share price will take ASIA-PACIFIC INDEXES deadly Coronavirus disease (COVID-19). volumes will significantly decline, and a hit as investors may pull back during Millions of pula will be eroded in KBL’s Nikkei 19546.63 +8.04 that will significantly eat into the profits these uncertain times. KBL was on a balance sheet, The Business Weekly & expected by shareholders of KBL,” he path to recovery after its share price and Hong Kong Hang 23516.43 +3.76 Seng Index Review can reveal. states, adding that KBL will lose millions profitability took serious hits because of For the year ending 31st December 2019, TOPIX 1424.62 +6.87 of pula. the alcohol levy. KBL’s financial performance was not so What will further chip away at KBL’s During the 2017 full year, the share price Source: Bloomberg impressive. Profit after tax declined by 8 profits, according to the financial analyst, of the St Louis lager maker contracted by percent, shedding a P28 million to sit at are the fixed costs that KBL will incur 27.89 percent and 22.21 percent in pula P302.7 million. even at a time when the company will be terms and US Dollar terms respectively, At that time, the St Louis lager brewer making less from sales. “Staff salaries have from P27.00 at 4 January 2017 to P19.47 sold 1 536 500 000 hectolitres of alcohol. to be paid even though KBL will derive no at 29 December 2017. However, the share The beer volume sold was, however, 26 value from sales of beer,” he notes. “Rentals, price rebounded to P22 per share. percent lower than the beer volumes sold supplier contracts and administration Juma fears it could depreciate again. during the previous reporting period of 31 expenses will gobble up chunks from the Without elaborating KBL MD WRITE TO US AT December 2018. company’s profitability.” Matthews admits there will be challenges This simply means that KBL, under the Juma say the brewer will pin its hopes from COVID-19. The levy did not only captaincy of Managing Director Thabo in the lockdown ending sooner than later shrink the share price but profits too. The P.O Box Post Net Matthews, sold an average of 128 million because the longer it drags, the deeper company lost a staggering P175 million hectolitres of alcohol every month. It also KBL will sink. He worries that even after to the alcohol levy during the six months Kgale View 449 means that profits accrued to an average of COVID-19, household incomes will have ending June 30 2018, but cumulatively ADD, Gaborone approximately P25 million per month in dwindled so much that it may significantly billions were lost. Since ex-president Ian 2019. reduce demand for alcohol. Already, several Khama introduced the alcohol levy in But that is about to change, according companies have forced their employees 2008, it has been a pain to KBL, wiping off TEL: (+267) 3170 615 to Motswedi Securities Head of Research, into a month’s unpaid leave over cash flow profits and reducing sales while the share Garry Juma, who believes that trouble has uncertainties as the lockdown begins, while price and market value also took a hit. FAX: (+267) 3170 618 re-emerged for the beer maker because some are contemplating layoffs. Some will Meanwhile, COVID-19 will also hit the ban on the sale of alcohol for a month, pay their employees half salaries. Juma hard at local distillery Distell. Managing which could be extended, threatens the says some companies could even collapse Director (MD) Mothusi Molokomme company’s cash flow. The stock market because of COVID-19. The informal sector, says they will be making no revenue until analyst argues that KBL’s core business is which supports so many households, is also the sale of alcohol is re-opened. In the sale of alcohol. “If they stop selling alcohol, in a shutdown. As a result, the little income meantime, he notes, profits will dwindle. F Staff Writer Tshepi Gabotlhomolwe S&P lowersBotswana’screditrating 10 economy, thelowering of become aknowledge-based or acountryaimingto Fax: 3919858 Tel: 3919778 P. O .Box505243, Gaborone Station PostOffice, Gaborone 2nd Floor, Exponential, PlotNo.54351,CBD Bank SBIBotswana Ltd For anyquery/information pleasecontactus: **For amountsabove P1million,contactusforspecialrate. # Depositinterestrates shownaboveareindicativeonly. Prime Rate THE ABOVE INTREST RATES ARE APPLICABLE W.E.F 01.07.2018 Other rates 36 monthsand 24 months 18 months 12 months 6 months 91 days Savings Call deposit Current Deposits above Type ofdeposit Fax: 3919858 t P. O.Box505243,Gaborone StationPostOffice,Gaborone 2nd Floor, exponential,Plotno.54351,CBD Bank SBIBotswanaLtd For anyquery/informationpleasecontactus: **For amountsaboveP1million,contactusforspecialrate. # Depositinterest rates shownaboveare indicativeonly. tHe ABOVIntreSrA el: 3919778 Prime rate Over 24Months 24 Months 12 Months 6 Months 91 DaysFixedDeposit SAVInGS CALL DePOSIt Current accounT Type of deposiT Deposits account Friday 27March 2020-02April 2020 THE BUSINESS WEEKLY &REVIEW INTEREST RATES FOR APRIL 2020

INTEREST RATES FORNOVEMBER 2018 N/A teS AreAPPLICABLeW. Nominal interest ra nominal inTeres 1.00%-2.25% 0.15%-1.00% Tes p.a. Ratings on27March 2020was a rating at 'A-2' by S&P Global and affirmation ofitsshort-term credit rating to 'BBB+'from'A-' and localcurrency sovereign Botswana’s long-termforeign 0%-2.00% 2.75% -2.80% 2.65% -2.70% 1.00% -2.00% rates p.a. 0% -1.00% 4.50% 4.25% 4.00% 3.50% 3.25% 3.00% 2.75% 2.55% 2.50% 0.00% T

e.F 01FB2020 ra ac Tes (effec Tual inTeres rates (effective Actual interest 2.78% -2.83% 2.68% -2.73% 1.00% -2.02% 1.00%-2.27% 0.15%-1.00% 0% -1.01% 0%-2.02% 2.78% 2.57% 2.52% 0.00% Cites poordiamondsalesforCites downgrade 4.58% 4.32% 4.06% 3.55% 3.29% 3.03% p.a.) Tive p.a.) www.businessweekly.co.bw T weaker and international prices diamond production has been January 2020, Botswana’s overall despite amild recovery in disappointment. But itisdeserved because balance (b minimum balance (BWP) 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 Minimum 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 6.25% 500 Wp 6.50% ) major minesslowed domestic that repair work at the country's medium-term. and external buffers over the its traditionally strong fiscal which will gradually reduce deficits inthenext few years, country isnow setto post twin than 8percent ofGDP. The current account deficit ofmore should have closed 2019witha market,” theagency said. a prolonged depressed diamond balance sheetsare vulnerable to weakening fiscaland external 2022. our forecast horizonfor2020- fiscal and external balances over broader export baseto maintain external buffers supported by a policy reforms generate sufficient raise theratings ifBotswana's However, itsays, itcanandwill unlikely over thenext two years. Botswana's credit quality. prospects which would constrain in turnleadto debilitated growth current assumptions. This could fiscal and external metrics beyond deterioration ofthecountry's spending pressure that causesa this will bealongsidemounting prices continue. It states that weaker diamonddemandand lowering if prolonged further as there are possibilities of credit rating isnotthelastone rating onthecentral bank.” affirmed the 'A-2' short-term with thoseonthesovereign. We our ratings on the central bank from 'A-' because we equalise Bank ofBotswana to 'BBB+' sovereign credit ratings onthe term foreign andlocalcurrency same time, we lowered ourlong 'A' from'A+',” S&Gsaid. “At the and convertibility assessment to rating outlookasstable. inS&P’sheart confirmation ofits the country’s leaders will take poorer this fiscal year. Even so, On thesupply side, S&Gsays According to S&G, Botswana “We believe that Botswana's S&P warns that anupgrade is The saysreport thislowered “We alsolowered ourtransfer Companies &M monetary policy frameworkmonetary are limited.Thisisbecauseits Botswana's contingent liabilities In addition, S&Pnotesthat and low government debt. supports relative fiscalprudence institutional framework, which by astable andpredictable coming months. demand andprices over the continue to weigh ondiamond the slump inglobal growth to Covid-19 pandemic. S&P expects deceleration exacerbated by the February becauseoftheeconomic diamond markets, dropped in China, oneofBotswana's main Furthermore, demandfrom diamond production in 2019. by theCOVID-19 pandemic. the first half of2020 exacerbated global demandfordiamond for It predicts acontext ofdepressed current account receipts in2019. reduction ofabout 20percent of compared withanestimated diamond exports through 2021, forecast reflects flat growth of 2019. 2020, down from 3.6 percent in somewhat stabilises by mid- that theCOVID-19 pandemic 2.6 percent in2020, assuming economy will expand by amodest Projections are that Botswana's Debswana produces on demand. diamond production for2020as see any structural weakness in mines. repairs inBotswana's major carats in2018due to planned million carats frommillion 24.5 US. Production levels fell to 23.7 rough diamondinChinaandthe 2019 asdemandsubsided for Prices declined by 6percent in account deficit infiscal2019. an unexpectedly high current framework's effectiveness. sector somewhat constrains the But thelimitedsizeofprivate crawling pegexchange regime. stability, supported by the supports macroeconomic The ratings are supported Even so, the firm says its S&P states that itdoesnot Lower diamondprices ledto arkets

Press Photo THE BUSINESS WEEKLY & REVIEW www.businessweekly.co.bw Companies & Markets Friday 27 March 2020 - 02 April 2020 11

Slack in diamond African Markets sector dampens books Suffer as China at BancABC Opens its Boarders • Profits impacted

outh Africa’s three-week would normally drive up prices, coronavirus lockdown but confinement of much of Sis depriving China of its Europe and the United States in main supply of chrome ore, but response to the coronavirus crisis stainless steel producers there has depressed demand for cars, say they have more than three appliances and other stainless months' worth of material steel products. "The lockdown in – nearly 4 million tonnes – South Africa supports the price stockpiled in ports. The country but hasn't driven the price up," reported to be the world's biggest said Ellie Wang, senior analyst at producer of chrome ore, an commodities consultancy CRU essential ingredient in stainless Group. CRU estimates global steel, supplied 12.5 million tonnes chrome supply at 36 million to China making 83 percent of tonnes this year. South Africa Press Photo Press China’s total chrome imports this alone produced 23 million tonnes past year. According to reports last year, but that is expected to Samancor has annual capacity fall to 21.5 million tonnes this Tshepiso Gabotlhomolwe The results state that significant underlying revenue growth and of about 1.2 million tonnes of year. Ferrochrome prices were growth was achieved in customer operating income with the aim of Staff Writer ferrochrome and chromite at their lowest since 2005 in assets while deposit growth was maximising medium-term value ore. A shock to chrome supply February. adequate, considering buffer for shareholders. otswana’s economic liquidity taken at prior year end. To achieve this, the MD says growth slowed in 2019 According to the Managing the bank has continued to invest Byear due to lower rough Director Kgotso Bannalotlhe, in its transformation journey, diamond production, negatively despite an 11 percent growth with amendments only required Power Metal Resources impacting BancABC Botswana’s rate in loans and advances year- to ensure they continue to performance, the bank says in its on-year, interest shows that deliver acceptable returns to Announces Results Delay full year results. expenses have remained largely shareholders. The bank’s return But there is a state of rebound unchanged with a slight 0.4 on equity remained flat compared im-listed Power Metal currently involve desktop OR from the much slower first half percent movement against 2018. to that of the previous year at Resources (POW) has office-based work, including performance for 2019 to end This was despite the loan book 12 percent, as a lot of effort was Aannounced that it will preparation for drilling the year with a Profit After Tax growth being fully funded by the expended in talent acquisition, delay the publication of its with Kalahari Key Mineral (PAT) of P122 million, although bank’s deposits. improving governance structures, audited financial results for Exploration, the company's this is a decline from 2018’s P128 The bank’s loan book closed the processes and strengthening the year ended September 30, partner in Botswana and work million. year at P6.4 billion, a P630million the enterprise risk framework. 2019.the company explains that with Katoro Gold in respect A modest 4 percent year- uplift from the prior year. This The bank’s control environment this comes as the request of the of the Haneti polymetallic on-year growth was achieved growth was predominantly from is consequently stronger, company’s auditors BDO saying project in Tanzania. To date, in the non-mining sector, the retail banking segment which Bannalotlhe added. there is need to reflect the time POW has reported that it has compared to 5.1 percent in saw a 15 percent growth in its The bank reports that average needed to implement newly not experienced any material the corresponding period the loan book. deposits from customers for the introduced auditor protocols disruption to its ongoing prior year. Transactional fees, The results state that the growth year were P6.7 billion against designed to ensure the impact operational activities on which comprise 27 percent of was diluted by commercial the prior year’s P6.6 billion. “The of Covid-19 is fully reflected existing business interests. They overall non-interest revenue banking, which recorded a loan bank’s deposit mix continues to be in all companies accounts. further reported that they are (NIR), declined by P4 million book decline of 14 percent year- skewed more on term deposits,” POW has further requested continuing due diligence work year-on-year as a result of the on-year. Investments in securities says Bannalotlhe. “However, there and received an extension to in respect of the Alamo Gold introduction of more restrictive have significantly declinedwas an improvement in the mix its filing deadline for its final project, in Arizona, in the US, account dormancy rules in order year-on-year by 45 percent, relative to 2018 as transactional results from March 31 to May and is undertaking various due to ensure inactive accounts are highlighting a more efficient use deposits increased.” 30. The resource company diligence activities in respect closed faster. of available liquidity into earning Progress towards a more even notes that they are conducting of new project opportunities. NIR was valued at P127 million, assets deposit mix is expected following an ongoing review of business “Notwithstanding the a figure marginally lower, on the The MD says regression in introduction of the BancOnline operations to determine, to challenges we all face on back of weaker trading income. growth was as a result of slower digital banking platform that the extent possible, the impact a personal level due to the This was supported by a strong expansion in the trade and will mainly focus on commercial of Covid-19 on its projects societal disruption caused by growth in fees and commissions hospitality sectors, which were banking. and planned operations. As Covid-19, POW, as a company, linked to lending activities. adversely affected by the decline Botswana’s economy continued at March 31, POW had a cash is able to continue the majority The Bank has reported a much in performance of the diamond to indicate growth aspects as position of £540 000 and a of current business operational stronger growth across most industry. Sectors that contributed real GDP growth for the third listed investment portfolio activities. "We believe POW is income lines in the second half positively to growth included quarter of 2019 came in at valued at about £185 000, well positioned with existing of the year despite declining general government, social and 3.7 percent on a year-on-year representing total cash and business interests and access yields exacerbated by a reduction personal services, finance and comparison, BancABC notes. cash equivalents of £725 000. to new opportunities. We are in policy rates of 25 basis points business services, as well as However, it is worth noting that Principal operational activities flexible and can act quickly in the second half of the year. transport and communications. the economic growth was lower remain unaffected at this across our business model, Net interest income remained Bannalotlhe says this than the 5 percent recorded in the time, with the company's field and that provides us with a flat at P412 million, a 1 percent performance validates the corresponding prior year, mainly operations in the Democratic good degree of competitive movement in comparison to success of the bank in combating as a result of sluggish output Republic of Congo continuing advantage compared to many 2018. Interest expense remained the challenging operating growth in the mining sector successfully, POW noted. of our peers,” commented POW flat, although still elevated based environment while remaining which grew only 1.6 percent Other project interests CEO Paul Johnson. on historic trends. headstrong in building sustainable against 4.1 percent in 2018. THE BUSINESS WEEKLY & REVIEW www.businessweekly.co.bw 12 Friday 27 March 2020 - 02 April 2020 Companies & Market

Redesigned for the 2021 model year with a 603-hp REVV-UP Mercedes - twin-turbo V-8, Mercedes's // high-performance full-size SUV AMG's GLS63 reaches a new level of excess.

utomakers are always that is hand-built in Germany and should crack 60 mph in 4.1 23-inch wheel options, which diffuser, and big rectangular looking for white space and shipped to the Mercedes seconds, or 0.4 second longer cost as much as $4950. exhaust outlets. Inside you'll find Ain the marketplace. assembly plant in Tuscaloosa, than what the company quotes Although it's bigger and a chunky three-spoke steering Mercedes has gotten quite good Alabama. With its two turbos for its smaller sibling. In our heavier than the GLE63 S, the wheel and standard heated, at this over the years and has huffing up to 18.9 psi of boost, testing, the previous GLS63 hit GLS63 actually feels better ventilated, and heavily bolstered recently identified a previously this engine produces 603 that mark in 4.3 seconds. Top balanced. All-wheel drive and a AMG sports seats covered in unfilled gap that apparently horsepower at 6500 rpm and speed is electronically limited to limited-slip rear differential are nappa leather. Also included is needed addressing: Buyers 627 lb-ft of torque at 2500 rpm. 174 mph. standard, as is AMG's latest 48- in-dash navigation, a wireless looking for a proper six- or That's 26 more horsepower and Unfortunately, the nine- volt Active Ride Control anti- phone charger, nine USB ports, seven-passenger SUV with 600 66 lb-ft more than the twin- speed transmission, which is roll system, which works well to a panoramic sunroof, heated horsepower and a six-figure turbo 5.5-liter V-8 that powered responsive and snappy around manage body roll. This full-size second-row seats, and heated sticker price had nowhere to go the previous-generation GLS63. town, is a bit clumsy for spirited SUV is surprisingly tossable on and cooled front cupholders. until the 2021 Mercedes-AMG As in the GLE, the 4.0-liter driving on twisty roads. It often mountain roads, especially in its Second-row captain's chairs GLS63 showed up. features AMG's first V-8 upshifts when entering corners Sport and Sport+ modes, which in place of the standard three- When it arrives at dealers this application of Mercedes's 48- and is easy to catch out in lower the suspension 0.4 inch. across bench seat are available, summer, the AMG version of the volt EQ Boost hybrid system, too high a ratio. Toggling the The GLS63 sets up nicely in as is carbon-fiber trim, a head- GLS-class will claim the title which sandwiches an electric transmission's manual mode and fast corners and offers plenty of up display, and heated third- of the world's most powerful motor-generator between the using the shift paddles on the front-end grip in tighter bends. row seats. three-row luxury SUV. In doing engine and the standard nine- back of the steering wheel helps On the vehicles we spent most An afternoon in the 2021 so, it supplants the smaller and speed automatic transmission. in this regard. But gear changes our time in, the grip from the Mercedes-AMG GLS63 helps far more expensive Bentley The setup is mostly for still don't happen quickly massive 23-inch Michelin Pilot us understand why roughly half Bentayga, which can be had powering the engine's electric enough. Ask for a downshift, and Sport 4 S summer tires—sized of the AMG models sold in the with a 600-hp W-12 but is not a accessories, including the water there's a beat before it arrives. 285/40R-23 in front and United States last year were true competitor to the GLS. The pump, power steering, and air- In Comfort mode, dynamic 325/35R-23 in back—helped SUVs. It has all of the refinement Bentley's optional pair of small conditioning compressor. But engine mounts stiffencombat the big AMG's sense of the brand's big sedans and third-row jump seats manually it also can briefly apply its 21 automatically as you start to of mild understeer. Although almost as much performance, yet fold out of its cargo floor and horsepower and 184 lb-ft of explore the GLS63's handling. Mercedes offers carbon-ceramic with about an acre more interior result in precious little cargo torque to the powertrain to This sharpens the vehicle's brake rotors on the GLE63 space. Hot-rod utility vehicles space in the way back—if you're reduce lag from the engine and responses and enhances the S, they're not available on the may still make little rational able to convince passengers to to theoretically improve its fuel feedback relayed to the driver. GLS63. sense. But it's no wonder that occupy them. In contrast, every economy. Selecting Sport or Sport+ also In all, there are six drive- the segment continues to grow. GLS63 comes with a relatively LOWS: Busy ride on optional firms up the mounts, along mode settings. On the off chance While BMW has yet to indicate spacious, power-folding third 23-inch wheels, clumsy with the SUV's standard air anyone takes their GLS63 off that it plans to build a more row that affords 17 cubic feet of transmission calibration, six- suspension. Adaptive dampers road, it'll probably be in a gravel powerful variant of the three- rear cargo room behind it. As we figure price tag. stiffen 25 percent in Sport parking lot at an Eagles concert. row X7 beyond the current learned from driving the AMG The V-8's torque peak spans mode and another 40 percent But AMG added Trail and Sand 523-hp M50i model, Dodge through the hills of Southern from 2500 to 4500 rpm, which in Sport+. There is no Race modes anyway. Both increase does appear to be working on California, however, there's makes for plenty of low-down mode as exists in the GLE63 S. ground clearance by raising the a 707-hp Hellcat version of more to the performance of this grunt before you get to its upper- Ride quality is comfortable in suspension 2.2 inches for a total its Durango, which we figure hulking SUV than its power rpm power. It pulls strongly all every setting with the standard of 9.7 inches. should outrun the GLS63 and rating. the way to its 7000 rpm redline, 21-inch or optional 22-inch AMG has managed to dial cost about $50K less than the The GLS63 is almost and the tight gear spacing of wheels. Just know that, despite up the muscularity of the GLS AMG's hefty $133,095 starting mechanically identical to the the automatic helps the big a wheelbase that's 8.6 inches without overdoing it. There's a price. redesigned five-passengerAMG accelerate with seamless longer than the GLE63 S, the familiar AMG grille with vertical That's the thing about white GLE63 S SUV that we recently verve. Mercedes says the larger GLS's ride won't be quite as louvers, a new front bumper space. Once you fill it, you've drove. Both models share the GLS63 weighs around 500 plush as its smaller sibling's if with mouthy black air intakes, essentially painted a bull's-eye same twin-turbo 4.0-liter V-8 pounds more than the GLE63 S you spring for one of its mondo flared wheel arches, a rear on your back. caranddriver. THE BUSINESS WEEKLY & REVIEW www.businessweekly.co.bw Companies & Market Friday 27 March 2020 - 02 April 2020 13

Sechaba is upbeat about 2019 despite Covid-19 … but reports poor performance for Kgalagadi Breweries

Tshepiso Gabotlhomolwe the 2018 full year results in Staff Writer which the company recorded a significant growth to 97 percent. When compared to the same he sudden halt in liquor period in 2018, the company’s total sales by the Ministry of assets were valued at P664 million TInvestment, Trade and in 2019, a P6 million difference Industry (MITI) because of from 2018’s P638 million. the Covid-19 pandemic poses According to management, Coke no financial threat to Sechaba has performed “really well” in Breweries Holdings Limited contributing 74 percent of total (SBLH), Botswana’s biggest profits after tax and 72 percent of liquor distributor has said. revenue while KBL contributed a The investment company, measly 28 percent and 22 percent which has a 49.9 percent stake respectively. in Kgalagadi Breweries Limited According to the Managing (KLB) and Botswana Breweries Director of Sechaba, Thabo (Pty) Limited and a 49.9 percent Matthews, the stellar shareholding stake in Coca Cola performance reported in the 2019 Beverages Botswana (CCBB), says half-year results was supported this in its full year results for 2019 by many factors, among them that concluded on 31 December high net profits and the benefit But inspite of the positive of overall savings in costs. outlook for 2020, the company beverages, fruit beverages and According to the company, growth. Matthews says each business is will continue to monitor the traditional beer that have been the business environment has KBL has not performed well doing significantly better as a situation and react accordingly, it classified as low performers. generally been positive, including for some time after the brewer separate entity owing to focused emphasises. Sechaba says this does not come relationships with stakeholders. did tremendously well in the marketing and distribution The two associates, SBLH and as a surprise for traditional beer Although the company calls for 2018 corresponding period efforts. KBL, have register 21 percent because the half-year results for a good turnover, it notes that when it received a one off levy In the end, the company growth for the year ended the period ending June 2019 had KBL continues to be a bad player reimbursement. KBL registered recorded a decrease in December 2020. All categories stated that the brewery continued as it registered -8 percent in 118 percent performance then comprehensive income of P182 presented a modest to significant to register declines in traditional profit after tax with Coca Cola that was reported to have been million in 2019 compared to increase except for alcoholic beer performance. Beverages achieving 1832 percent a good contender that surpassed P220 million in 2018.

APPLICATION FOR CERTIFIED COPY OF APPLICATION FOR CERTIFIED COPY OF NOTARIAL MEMORANDUM OF AGREEMENT OF LEASE DEED OF TRUST OF YARONA FM FOUNDATION NOTICE IS HEREBY GIVEN that the undersigned intends to apply for a Certified Copy of Memorandum of Agreement of Lease Number 36/87 dated 14th July 1987 made in favour of NOTICE IS HEREBY GIVEN that the undersigned intends to apply for a Certified Copy of Notarial Joseph Nkgwang Letlole in respect of : - Deed of Trust of Yarona FM Foundation Number MA 718/2014 dated 20th day of August 2014: CERTAIN: piece of Tribal Lot 1; Any persons having objection to the issuance of such copy are requested to lodge the same in writing with the Registrar of Deeds, Gaborone, within 3 weeks of the last publication of this notice. SITUATE: Manyana, Bangwaketse Tribal Territory;

DATED AT GABORONE THIS 25th DAY OF MARCH 2020 MEASURING: 1215m2 (one Thousand Two Hundred and Fifteen Square Metres)

Any persons having objection to the issuance of such copy are requested to lodge the same in CHILUME & COMPANY writing with the Registrar of Deeds, Gaborone, within 3 weeks of the last publication of this notice. Applicant’s Attorneys DATED AT GABORONE THIS 25th DAY OF MARCH 2020 Plot 5665/6, Kubu Road, Broadhurst Mall, CHILUME & COMPANY Nissan Showroom, Applicant’s Attorneys t ice Unit 1, t ice Plot 5665/6, Kubu Road, P O Box 60778, Broadhurst Mall, GABORONE, Nissan Showroom, Unit 1, P O Box 60778, GABORONE, N o N o APPLICATION FOR CERTIFIED COPY OF MEMORANDUM OF AGREEMENT OF LEASE

NOTICE IS HEREBY GIVEN that the undersigned intends to apply for a Certified Copy of Memorandum of Agreement of Lease Number 70/88 dated 14th June 1988 made in favour of al

Joseph Nkgwang Letlole in respect of : - al

CERTAIN: piece of Tribal Lot 2; g SITUATE: in the Bangwaketse Tribal Territory, in the Manyana Village; g

MEASURING: 1042m2 (one Thousand and Forty Two Square Metres)

Any persons having objection to the issuance of such copy are requested to lodge the same in writing with the Registrar of Deeds, Gaborone, within 3 weeks of the last publication of this notice. L e DATED AT GABORONE THIS 25th DAY OF MARCH 2020 L e

CHILUME & COMPANY Applicant’s Attorneys Plot 5665/6, Kubu Road, Broadhurst Mall, Nissan Showroom, Unit 1, P O Box 60778, GABORONE, THE BUSINESS WEEKLY & REVIEW www.businessweekly.co.bw IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANAFriday HELD 27 March AT GABORONE 2020 - 02 April 2020 Legal Notice 14 IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE CASE NO: CVHGB 003130-15 In the matter between: CASE NO: CVHGB 003130-15 BOTSWANA BUILDING SOCIETY P laintiff In the matter between: and IN THE HIGH COURT OF THE REPUBLICBOTSWANA OF BOTSWANA BUILDING HELD AT SOCIETY LOBATSE IN THE HIGHP laintiff COURT OF THE REPUBLIC OF BOTSWANA HELD AT LOBATSE KABOYAONE ROY JEREMIAH D efendant and KABOYAONE ROY JEREMIAH Case No. CVHGB-000049-19 D efendant Case No. CVHGB-001715-19 In the matter between: In the matter between: NOTICE OF SALE IN EXECUTION BOTSWANA BUILDING SOCIETY PLAINTIFF BBS LIMITED (formerly BOTSWANA BUILDING SOCIETY) P LAINTIFF and NOTICE OF SALE IN EXECUTIONand BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment grantedMPHO by the BERNARD Honourable ROWLAND Court the following DEFENDANT THABA RIDGE (PROPRIETARY) LIMITED DEFENDANT immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478BE to PLEASED TO TAKE NOTICE THAT pursuant to the Judgment granted by the Honourable Court the following the highest bidder as follows:- NOTICEimmovable OF SALE property IN EXECUTION of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478NOTICE to OF SALE IN EXECUTION the highest bidder as follows:- DATE OF SALE: 6th July 2017 BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment granted by the Honourable Court the following BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment granted by the Honourable Court the following TIME OF SALE: 11:30am immovable property of the Defendant willDATE be sold OF by SALE: public auction by Deputy6th July Sheriff 2017 Ikageng Seloi of Cell No: immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 PLACE OF SALE: Tribal Lot 12300, Tlokweng 71472478 to the highest bidder as follows:-TIME OF SALE: 11:30am to the highest bidder as follows:- PLACE OF SALE: Tribal Lot 12300, Tlokweng th th PROPERTY TO BE SOLD: DATE OF SALE : 6 May 2020 DATE OF SALE : 6 May 2020 TIME OF SALE : 1000 Hours TIME OF SALE : 1230 Hours Defendant’s rights, title and interest on a certain piece of Land being Tribal Lot 12300, Tlokweng measuring 759mPROPERTY2 TO BE SOLD: PLACE OF SALE : Plot 77663, Gaborone PLACE OF SALE : Lot No: 64517, Gaborone in the Gaborone Administrative District; together with developments thereon being a main house with a 3 bedroom master en-suit, fitted kitchen, sittingDefendant’s room, rights, title and interest on a certain piece of Land being Tribal Lot 12300, Tlokweng measuring 759m2 dining room and multi residential developments being 2 bedroom house, sittingPROPERTY room andTO BEkitchen SOLD: Defendant’s togetherrights, title with and developments interest on a certain thereon piece being of aLand main being house Plot with 77663, a 3 bedroomPROPERTY master en-suit, TO BE fitted SOLD kitchen,: Defendant’s sitting rights, room, title and interest on a certain piece of Land being Lot No: 64517, Gaborone situated in South East Administrativedining District room andmeasuring multi residential 510m2 being developments an undeveloped being residential 2 bedroom plot house, sittingGaborone room in theand Gaborone kitchen Administrative District; measuring 38m2 consisting of Section No: 46 with developments TERMS AND CONDITIONS: located at Kgosi Residency III, Gaborone North. thereon being an open office and shared facilities such as reception and waiting area, boardrooms and meeting Cash or Bank guaranteed cheque otherwise details and conditions of sale may be inspected at the Plaintiff’s AttorneysTERMS AND CONDITIONS: rooms, kitchen area and ablutions facilities with gents and ladies water closest with washbasins. offices or Deputy Sheriff’s Office situated at Plot 387, Independence Avenue,TERMS Gaborone. AND CONDITIONS: Cash or BankCash guaranteed or Bank chequeguaranteed otherwise cheque details otherwise and conditions details ofand sale conditions may be of sale may be inspected at the Plaintiff’s Attorneys inspected at the Plaintiff’s Attorneys officesoffices or Deputy or DeputySheriff’s Sheriff’s Office situatedOffice situatedat Plot 387, at IndependencePlot 387, Independence Avenue, Avenue,TERMS Gaborone. AND CONDITIONS: Cash or Bank guaranteed cheque otherwise details and conditions of sale may be DATED AT GABORONE THIS 6th DAY OF JUNE 2017 Gaborone. inspected at the Plaintiff’s Attorneys offices or Deputy Sheriff’s Office situated at Plot 387, Independence Avenue, DATED AT GABORONE THIS 6th DAY OF JUNE 2017 Gaborone. TH DEPUTY SHERIFF IKAGENG SELOI c/o DATED AT GABORONE THIS 19 DAY OF MARCH 2020 DATED AT GABORONE THIS 19TH DAY OF MARCH 2020 71472478 DEPUTY SHERIFF IKAGENG SELOI c/o DEPUTY SHERIFF IKAGENG SELOI c/o Plaintiff’s Attorneys 71472478 DEPUTY SHERIFF IKAGENG SELOI c/o Plot 387, Independence Avenue Plaintiff’s Attorneys Private Bag Bo 177 Plot 387, Independence Avenue GABORONE Private Bag Bo 177 (TS/mm/10312) Plaintiff’s Attorneys GABORONE Plot 387, Independence Avenue(TS/mm/10312) Plaintiff’s Attorneys Private Bag Bo 177 Plot 387, Independence Avenue GABORONE Private Bag Bo 177 TS/mm /12594) GABORONE (TS/mm/12816)

IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE

CASE NO: CVHGB 003130-15 In the matter between: BOTSWANA BUILDING SOCIETY P laintiff and KABOYAONE ROY JEREMIAH D efendant

t ice NOTICE OF SALEt ice IN EXECUTIONIN THE HIGH COURT OF THE REPUBLIC OF BOTSWANAIN THE HELD HIGH AT COURT LOBATSE OF THE REPUBLIC OF BOTSWANA HELD AT GABORONEIN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE CASE NO: CVHGB 003130-15 CASE NO: CVHGB 000780-17 Case No. CVHGB-002634-18 BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment grantedIn bythe thematter Honourable between: Court the following In the matter between: In the matter between: immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 to BOTSWANA BUILDING SOCIETY P laintiff BOTSWANA BUILDING SOCIETY BOTSWANA BUILDING SOCIETY Plaintiff the highest bidder as follows:- and Plaintiff KABOYAONE ROY JEREMIAH and D efendant and DINGANE SEITSHIRO Defendant DATE OF SALE: 6th July 2017 REGINALD MLAMBO NOTICE OFDefendant SALE IN EXECUTION TIME OF SALE: 11:30am NOTICE OF SALE IN EXECUTION PLACE OF SALE: Tribal Lot 12300, Tlokweng NOTICE OF SALEBE PLEASED IN EXECUTION TO TAKE NOTICE THAT pursuant to the Judgment granted by the Honourable Court the following immovable property of the Defendant will be sold by public auction by Deputy BE PLEASEDSheriff Ikageng TO SeloiTAKE of 71472478NOTICE pursuantto to the Judgment granted by the Honourable Court the following

N o N o BE PLEASED TO TAKE NOTICE pursuant to the Judgmentthe highest granted bidder by the as Honourable follows:- Court the following immovable immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of Cell No: property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 to the highest PROPERTY TO BE SOLD: bidder as follows:- 71472478 to the highest bidder as follows:- Defendant’s rights, title and interest on a certain piece of Land being Tribal Lot 12300, Tlokweng measuring 759m2 DATE OF SALE: 6th July 2017 th TIME OF SALE: 11:30am th together with developments thereon being a main house with a 3 bedroomDATE master OF SALE:en-suit, fitted 5kitchen, May 2020 sitting room, DATE OF SALE: 5 May 2020 TIME OF SALE: 1230 Hours PLACE OF SALE: Tribal Lot 12300, Tlokweng dining room and multi residential developments being 2 bedroom house, sitting room and kitchen TIME OF SALE: 1030hours PLACE OF SALE: Lot 41176,Gaborone PLACE OF SALE: Lot 22375, Gaborone PROPERTY TO BE SOLD: PROPERTY TO BE SOLD : Defendant’s rights, title andDefendant’s interest on arights, certain title piece and ofinterest Land beingon a certain Lot 41176,Gaborone piece of Land being Tribal Lot 12300, Tlokweng measuring 759m2 2 al TERMS AND CONDITIONS: al measuring 537m together with developments comprising of a lounge with air-condition unit, dining area, kitchen PROPERTY TO BE SOLD : Defendant’s rights, title and interest on a certain piece of Land being Lot 22375, together with developments thereon being a main house with a 3 bedroom master en-suit, fitted kitchen, sitting room, 2 Cash or Bank guaranteed cheque otherwise details and conditions of sale mayfitted, be two inspected bedrooms atwith the built-in Plaintiff’s cupboards, Attorneys communal dining bathroom room andfitted multi with residential tub and developmentswash hand basin, being toilet, 2 bedroom master house, sittingGaborone room situatedand kitchen at Gaborone West Extension 16, measuring 450m together with developments thereon being bedroom with built-in cupboards, private lounge fitted, en-suite bathroom with tub, shower, wash hand basin and maid’s a three bedroom house, entrance veranda, lounge, dining area, master bedroom, sitting room, fitted kitchen, offices or Deputy Sheriff’s Office situated at Plot 387, Independence Avenue,quarter Gaborone. TERMS AND CONDITIONS: bathroom, servant’s quarter and a boundary wall Cash or Bank guaranteed cheque otherwise details and conditions of sale may be inspected at the Plaintiff’s Attorneys g TERMS AND CONDITIONS: Cash or Bank guaranteed cheque otherwise details and conditions of sale may be DATED AT GABORONE THIS 6th DAY OF JUNE 2017 g inspected at the Plaintiff’s Attorneys offices or Deputyoffices Sheriff’s or DeputyOffice situatedSheriff’s atOffice Plot situated 387, Independence at Plot 387, Independence Avenue, Avenue,TERMS Gaborone. AND CONDITIONS: Cash or Bank guaranteed cheque otherwise details and conditions of sale may be Gaborone. inspected at the Plaintiff’s Attorneys offices.

DEPUTY SHERIFF IKAGENG SELOI c/o TH DATED AT GABORONE THIS 6th DAY OF JUNE 2017 DATED AT GABORONE THIS 19 DAY OF MARCH 2020 TH 71472478 DATED AT GABORONE THIS 19 DAY OF MARCH 2020 DEPUTY SHERIFF IKAGENG SELOI c/o Plaintiff’s Attorneys DEPUTY SHERIFF IKAGENG SELOI c/o 71472478 DEPUTY SHERIFF IKAGENG SELOI c/o Plot 387, Independence Avenue Plaintiff’s Attorneys

L e Plot 387, Independence Avenue Private Bag Bo 177 L e Private Bag Bo 177 GABORONE GABORONE (TS/mm/10312) Plaintiff’s Attorneys (TS/mm/10312) Plot 387, Independence Avenue Plaintiff’s Attorneys Private Bag Bo 177 Plot 387, Independence Avenue GABORONE (TS/mm/8395(1) Private Bag Bo 177 GABORONE (TS/mm /12350)

help prevent spreading covid 19

Avoid close contact (1 meter or 3 feet) with people who are unwell

Stay home and self-isolate from others in the h ousehold if you feel unwell

THE BUSINESS WEEKLY & REVIEW www.businessweekly.co.bw Legal Notice Friday 27 March 2020 - 02 April 2020 15 IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE

CASE NO: CVHGB 003130-15 In the matter between: BOTSWANA BUILDING SOCIETY IN THE HIGHP laintiff COURT OF THE REPUBLIC OF BOTSWANA HELD AT LOBATSE IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE and KABOYAONE ROY JEREMIAH D efendant CASE NO: CVHGB 003084-17 Case No. CVHGB-002052-18 In the matter between: In the matter between: BOTSWANA BUILDING SOCIETY PLAINTIFF BOTSWANA BUILDING SOCIETY Plaintiff NOTICE OF SALE IN EXECUTION IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE and and THATO NONO MOTSWETLA 1st DEFENDANT SEABE DODZICASE NO: CVHGB 003130-15 Defendant BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment grantedBOITSHEPO by the Honourable TSHEPO CourtMOTSWETLA the following In the matter between:2nd DEFENDANT immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 to BOTSWANA BUILDING SOCIETY P laintiff and NOTICE OF SALE IN EXECUTION the highest bidder as follows:- NOTICE OF SALE IN EXECUTIONKABOYAONE ROY JEREMIAH D efendant BE PLEASED TO TAKE NOTICE pursuant to the Judgment granted by the Honourable Court the following DATE OF SALE: 6th July 2017 BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment granted by the Honourable CourtNOTICE the followingOF SALE IN EXECUTIONimmovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of Cell No: TIME OF SALE: 11:30am immovable property of the 2nd Defendant will be sold by publicBE auctionPLEASED by TO DeputyTAKE NOTICE Sheriff THAT Ikageng pursuant toSeloi the Judgment of granted71472478 by the Honourable to the Courthighest the followingbidder as follows:- PLACE OF SALE: Tribal Lot 12300, Tlokweng 71472478 to the highest bidder as follows:- immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 to the highest bidder as follows:- DATE OF SALE: 6th May 2020 DATE OF SALE : 5th May 2020 PROPERTY TO BE SOLD: DATE OF SALE: 6th July 2017 TIME OF SALE: 1100hours TIME OF SALE : 1130 Hours Defendant’s rights, title and interest on a certain piece of Land being Tribal Lot 12300, Tlokweng measuring 759m2 TIME OF SALE: 11:30am PLACE OF SALE: LOT 67961, GABORONE PLACE OF SALE : Lot 16200, Gaborone PLACE OF SALE: Tribal Lot 12300, Tlokweng together with developments thereon being a main house with a 3 bedroom master en-suit, fitted kitchen, sitting room, PROPERTY TO BE SOLD: PROPERTY TO BE SOLD: Defendant’s rights, title and interest on a certain piece of Land being Lot 67961, dining room and multi residential developments being 2 bedroom house, sitting room and kitchen nd 2 PROPERTY TO BE SOLD: 2 Defendant’s rights, title and interestDefendant’s on a certain rights, title piece and interest of Land on a beingcertain pieceTribal of LotLand being TribalGaborone Lot 12300, Tlokwengsituated measuring at Gaborone 759m2 Administrative District measuring 450m together with developments thereon 16200, Gaborone measuring 439m2 together with developments thereontogether withbeing developments a residential thereon plot being developed a main house with with a a 3 bedroombeing master a en-suit, veranda, fitted lounge,kitchen, sitting dining room, area, fitted kitchen, two bedrooms each with cupboards, en-suite bathroom, TERMS AND CONDITIONS: single storey dwelling house having an outbuilding and ablution alldining enclosed room and within multi walledresidential boundaries developments being 2 bedroom house, sittingmaster room bedroom and kitchen with cupboards, en-suite bathroom, staff quarters, carport and a garage Cash or Bank guaranteed cheque otherwise details and conditions of sale may be inspected at the Plaintiff’s Attorneys TERMS AND CONDITIONS: offices or Deputy Sheriff’s Office situated at Plot 387, Independence Avenue,TERMS Gaborone. AND CONDITIONS: Cash or Bank guaranteed cheque otherwiseCash or Bank details guaranteed and cheque conditions otherwise of detailssale mayand conditions be of sale TERMSmay be inspected AND CONDITIONSat the Plaintiff’s Attorneys: Cash or Bank guaranteed cheque otherwise details and conditions of sale may be inspected at the Plaintiff’s Attorneys offices or Deputy Sheriff’s Officeoffices situated or Deputy atSheriff’s Plot 387,Office Independence situated at Plot 387, Avenue, Independence Avenue,inspected Gaborone. at the Plaintiff’s Attorneys offices. Gaborone. DATED AT GABORONE THIS 6th DAY OF JUNE 2017 DATED AT GABORONE THIS 6th DAY OF JUNE 2017 TH DATED AT GABORONE THIS 19 DAY OF MARCH 2020 TH DEPUTY SHERIFF IKAGENG SELOI c/o DATED AT GABORONE THIS 19 DAY OF MARCH 2020 DEPUTY SHERIFF IKAGENG SELOI c/o 71472478 DEPUTY SHERIFF IKAGENG SELOI c/o Plaintiff’s Attorneys 71472478 DEPUTY SHERIFF IKAGENG SELOI c/o Plaintiff’s Attorneys Plot 387, Independence Avenue Private Bag Bo 177 Plot 387, Independence Avenue GABORONE (TS/mm/10312) Private Bag Bo 177 Plaintiff’s Attorneys GABORONE Plot 387, Independence Avenue (TS/mm/10312) Plaintiff’s Attorneys Private Bag Bo 177 Plot 387, Independence Avenue GABORONE Private Bag Bo 177 (TS/mm /12231) GABORONE (TS/mm/11682)

IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE

CASE NO: CVHGB 003130-15 In the matter between: IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONE BOTSWANA BUILDING SOCIETY P laintiff

t ice and IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA t ice IN THE HIGH COURT OF THE REPUBLIC OF BOTSWANA HELD AT GABORONECASE NO: CVHGB 003130-15 KABOYAONE ROY JEREMIAH HELD AT GABORONED efendant In the matter between: CASE NO: CVHGB 001026-18 BOTSWANA BUILDING SOCIETY Case No. CVHGB-001097-13 P laintiff NOTICE OF SALE IN EXECUTIONIn the matter between: and In the matter between: BOTSWANA BUILDING SOCIETY Plaintiff KABOYAONE ROY JEREMIAH BOTSWANAD efendant BUILDING SOCIETY Plaintif BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment grantedand by the Honourable Court the following SIZINKO NGXONDE LUKASHE Defendant immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 to NOTICE OF SALE IN EXECUTIONAnd the highest bidder as follows:- NOTICE OF SALE IN EXECUTION BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment grantedBICKY by the OFITLHILE Honourable Court the following Defendant DATE OF SALE: 6th July 2017 BE PLEASED TO TAKE NOTICE pursuantimmovable to the Judgment property granted of the Defendantby the Honourable will be sold Court by thepublic following auction by Deputy Sheriff Ikageng Seloi of 71472478NOTICE to OF SALE IN EXECUTION N o N o TIME OF SALE: 11:30am immovable property of the Defendant will bethe sold highest by public bidder auction as follows:-by Deputy Sheriff Ikageng Seloi of 71472478 PLACE OF SALE: Tribal Lot 12300, Tlokweng to the highest bidder as follows:- BE PLEASED TO TAKE NOTICE THAT pursuant to the Judgment granted by the Honourable Court the DATE OF SALE: 6th July 2017 following immovable property of the Defendant will be sold by public auction by Deputy Sheriff Ikageng Seloi of 71472478 to the highest bidder as follows:- PROPERTY TO BE SOLD: DATE OF SALE: 5th May 2019 TIME OF SALE: 11:30am 2 Defendant’s rights, title and interest on a certain piece of Land being TribalTIME Lot 12300,OF SALE: Tlokweng measuring0900 Hours 759mPLACE OF SALE: Tribal Lot 12300, Tlokweng DATE OF SALE : 5th May 2020 together with developments thereon being a main house with a 3 bedroomPLACE master OF en-suit, SALE: fitted kitchen,Lot 37667, sitting Gaborone room, PROPERTY TO BE SOLD: TIME OF SALE : 1430hours dining room and multi residential developments being 2 bedroom house, sitting room and kitchen 2 al PROPERTY TO BE SOLD : Defendant’s rights,Defendant’s title and interest rights, ontitle a andcertain interest piece on of aLand certain being piece Lot 37667,of Land being Tribal Lot 12300, Tlokweng measuring 759m al Gaborone measuring 1020m2 with developments thereon being a double story house, sitting room, fitted kitchen, PLACE OF SALE : Tribal Lot 1699, Mmopane TERMS AND CONDITIONS: together with developments thereon being a main house with a 3 bedroom master en-suit, fitted kitchen, sitting room, dining room, Master en suite with 4 bedrooms,dining double room garage and multiand electrified residential boundary developments wall. being 2 bedroom house, sitting room and kitchen Cash or Bank guaranteed cheque otherwise details and conditions of sale may be inspected at the Plaintiff’s Attorneys PROPERTY TO BE SOLD: Defendant’s rights, title and interest on a certain piece of Land being Tribal Lot 1699, Mmopane offices or Deputy Sheriff’s Office situated at Plot 387, Independence Avenue,TERMS Gaborone. AND CONDITIONS: Cash or Bank guaranteed cheque otherwise details and conditions of sale may be 2 g

TERMS AND CONDITIONS: measuring 940m together with developments thereon comprising of a three-bedroom, two bathroom g inspected at the Plaintiff’s Attorneys offices Cashor Deputy or Bank Sheriff’s guaranteed Office situated cheque at otherwise Plot 387, Independencedetails and conditions Avenue, of sale residentialmay be inspected house, atmaid’s the Plaintiff’s quarter, Attorneys single garage and a boundary wall. DATED AT GABORONE THIS 6th DAY OF JUNE 2017 Gaborone. offices or Deputy Sheriff’s Office situated at Plot 387, Independence Avenue, Gaborone. TERMS AND CONDITIONS: Cash or Bank guaranteed cheque otherwise details and conditions of DEPUTY SHERIFF IKAGENG SELOI c/o DATED AT GABORONE THIS 19TH DAY OF MARCH 2020 sale may be inspected at the Plaintiff’s Attorneys offices or Deputy Sheriff’s Office situated at Plot 387, DATED AT GABORONE THIS 6th DAY OF JUNE 2017 Independence Avenue, Gaborone. 71472478 DEPUTY SHERIFF IKAGENG SELOI c/o Plaintiff’s Attorneys DEPUTY SHERIFF IKAGENG SELOI c/o DATED AT GABORONE THIS 19TH DAY OF MARCH 2020

Plot 387, Independence Avenue 71472478 L e L e Private Bag Bo 177 Plaintiff’s Attorneys DEPUTY SHERIFF IKAGENG SELOI c/o GABORONE Plot 387, Independence Avenue (TS/mm/10312) Plaintiff’s Attorneys Private Bag Bo 177 Plot 387, Independence Avenue GABORONE Plaintiff’s Attorneys Private Bag Bo 177 (TS/mm/10312) GABORONE Plot 387, Independence Avenue Private Bag Bo 177, GABORONE (TS/mm/8572) (TS/mm/12068)

help prevent spreading covid 19

Wash your hands regularly for 20 seconds, with soap and clean running water Cover your nose and mouth with a disposable tissue when you cough or sneeze

You can protect yourself and help prevent spreading the virus, STAY HOME

• Wash your hands regularly for 20 seconds, with soap and water • Cover your nose and mouth with a disposable tissue when you cough or sneeze • Avoid close contact (1 meter) with people who are unwell • Stay home and self-isolate from others in the household if you feel unwell