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Absa Bank Botswana anticipates substantial profits from its half year results for the period ended 30 June 2022. The bank announced this week that its profit before tax is expected to be higher by between 30 to 40 percent than what was reported for...
Botswana Insurance Holdings Limited (BIHL) Group continues to thrive as it announced its abridged audited consolidated financial results for the 6 months ended June 2022. The results were announced before key stakeholders and subsidiaries (Botswana...
Retailer Woolworths Holdings Limited (WHL) on Wednesday (31 August) published its results for the 52 weeks ended 26 June 2022, showing muted turnover, buoyed by strong online sales growth.Turnover grew 1.7% to R80.1 billion, while turnover and...
With over 26,000 square kilometers of land on the Kalahari Copper Belt, Motheo Copper Mine has intentions to gear up its exploration. The developers of the mine, Sandfire said the belt is under explored, despite its significant copper terrane with...
Botswana Development Corporation, the government’s investment arm, is committed to fundamentally contributing to the development of viable, competitive, and profitable manufacturing industry, its Managing Director, Cross Kgosidiile recently told...
African Tax Administration Forum (ATAF) has launched a Rapid Response Unit, to complement the Forum’s support to member countries. The initiative will be offering immediate technical responses as part of broadening its services to member countries...
The University of Botswana and the Special Economic Zones Authority (SEZA) signed a Memorandum of Understanding that is set to pave way for a knowledge based economy in Botswana.The memorandum is centred around identifying and implementation of...
Russia-Ukraine war and the ongoing economic uncertainties have led to credit losses at Letshego. The pan African financial services’ group interim results for the year ended 30 June indicate that the company’s credit losses increased by 8.7...
Bank Gaborone Managing Director, Sybrand Coetzee said the bank continues to empower graduates through its Graduate Trainee Programme to increase the bank’s diversity profile and reduce unemployment rate among youth.There are currently seven...
London-listed Power Metal Resources has signed a diamond drilling contract with 100% Botswana citizen-owned Mindea Exploration and Drilling Services to carry out a planned programme of about 2 600 m of diamond drilling across an expected six drill...
The Managing Director of Botswana Development Corporation limited (BDC), Cross Kgosidiile, has highlighted that Alosa Group of companies was awarded the first ever Business Den prize money, worth P500 000 in March 2021. When giving an overview of the...
RDC Properties expects outstanding increase in profit before tax for the half year ended 30 June 2022, following its expansion in South Africa. The company stated that the profit will be approximately between 170 percent and 190 percent or P46.4...
Sandfire has announced intentions to fund the development of the 5.2 Mtpa expansion from 3.2 Mtpa development at Motheo Copper Mine through a combination of cash and project debt. “The company has obtained credit approval for a US$140.0 million...
Walmart looks set to buy out minority shareholders in Makro parent, JSE-listed Massmart, as the US retail giant doubles down on its South African operations despite a challenging economic environment.The boards of the two companies have reached an...
As the impact of COVID-19 pandemic moderate, Botswana Insurance Holdings Limited’s (BIHL) performance has started to surge, according to the company's cautionary trading statement on the Botswana Stock Exchange (BSE).“The Group’s results...
Botswana Civil Service Pensioners Association (BCSPA) has applauded government for strengthening and widening oversight authority of the Non-Bank Financial Institution Regulatory Authority (NBFIRA) on pension funds.“NBFIRA should have teeth, to be...
Shumba Energy reported that it experienced financial hardships last year due to the impact of Covid-19 and commitment of investors into other projects. The company is currently placed under suspension from trading by Botswana Stock Exchange due to...
Interim results from Standard Bank indicate that life has moved on from the Covid-19 pandemic and the social unrest that rocked SA a year ago. Not only did Standard Bank report an increase of 33% in headline earnings for the six months to end June...
Bank of Botswana calls for removal of regulatory barriers to the uptake of ICT driven financial systems to enable the stable national economic growth. In its 2021 annual report, the central bank stated that that Botswana needs to leverage on existing...
Prime Time Property has appointed Unopa Njadingwe as Company Secretary with effect from 10 August 2022. Njadingwe joined the external management company of Prime Time on 1 July 2022 from the non-banking financial sector where she was a Legal and...
guardiansun.co.bw is the online edition of Botswana Guardian and The Midweek Sun, Botswana’s leading and oldest newspapers, published by CBET PTY (LTD).