Posts In Category
Business

American Investor Acquires lucrative Okavango Concession
KEABETSWE NEWEL Jeffrey Lynn Rann, a US-based investor, has proposed to acquire hospitality outfit Afro Ventures Botswana (AVB) and its businesses mostly in the lucrative tourism prime land of the …

Turnstar Rentals on the Rise
Group says its Botswana properties and retail mall in Tanzania were well tenanted KEABETSWE NEWEL Rentals accrued by Turnstar Holdings Limited, the operators of the swanky Game City Mall in …

Grossing up Withholding Taxes Necessary
Jonathan Hore Resident entities which deal with non-resident consultants frequently meet circumstances where the non-residents do not want to suffer Botswana withholding taxes (hereinafter WHTs). The reason for such moves …

BSE Trading Improves
While local companies depreciated by 11.5 percent between January and September last year, they depreciated by only 5 percent during the same period this year. KEABETSWE NEWEL reports The performance …

Mogae dumps FAR
Although he remains a shareholder, the former president is reportedly keen to distance himself from anything to do with Ram and Farouk and the pong of the Choppies scandal KEABETSWE …

How to manage TAX penalties
JONATHAN HORE BURS is empowered to charge penalties for various reasons, including late submission of returns and underpayment of taxes. One thing is certain, being that these penalties are a …

Stagnant H1 loan volumes drag BancABC down
Profit declines KEABETSWE NEWEL Trading conditions in the first half (H1) of 2019 were challenging at junior commercial banking outfit, BancABC, with a stagnant first quarter in loan volumes and …

FNB directors in P10m payout
CEO paid P5.5m in 2018 FNBB is the most profitable bank KEABETSWE NEWEL A staggering sum of P9.5 million was paid to directors of the board of First National Bank …

Unpaid under-recoveries may cause Engen trouble
Decline in oil prices cost Engen P6m Slate receivables decline by P48m Company struggling with cash flow KEABETSWE NEWEL Engen Botswana Limited is likely to have liquidity challenges, should government …

Ram finally headed for disciplinary hearing
It seems the round robin at Choppies finally has Ram in the middle where institutional investors in the troubled supermarket chain want him. But as the determined investors pinned the …

Demand for BTC increases
But Motswedi warns that pre-Christmas is a time for caution GAZETTE REPORTER Demand for Botswana Telecommunications Corporation Limited’s (BTC) shares is slowly picking up, especially in the last few weeks, …

Botswana GDP declines
Inflation to rise to 3.7 percent High food prices to hit Batswana Fuel prices also seen rising Budget deficit widens KEABETSWE NEWEL Uncontrollably rising food prices and skyrocketing transport costs …