Mmegi

The newspaper was part of Van Rensburg’s initiatives at Swaneng and Shashe River School, along with Madiba Secondary School in Mahalapye. In 1980, after Botswana gained independence, Van Rensburg moved to Zimbabwe to further his Education With Production Project.

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To lease or not lease: Regulatory requirements of rooftop solar projects

2 days ago | mmegi.bw | Mark McKee

In recent years, Southern Africa has been facing a growing energy crisis, with increasing demand and declining traditional energy sources. This has led to an increased interest in renewable energy solutions, particularly rooftop solar projects. As an abundant and readily accessible source of clean energy, solar power is seen as a viable solution to the energy crisis in the region.
Supplier payment crisis hits cash-poor gov't

3 days ago | mmegi.bw | Mbongeni Mguni

The debate on whether government is broke or cash-poor has been overtaken by events with suppliers, including banks, insurance and others, reportedly facing longer delays in settlements of their invoices, including the forwarding of deductions taken from civil servants.
Banks increase lending rates on liquidity crunch

3 days ago | mmegi.bw | Mbongeni Mguni

Two commercial banks unilaterally raised their prime lending rates in the past week, marking the first-time banks have uncoupled from the Bank of Botswana interest rate benchmark since the freedom to do so was introduced two years ago. Absa Bank Botswana, Stanbic Bank Botswana, and BBS Bank raised their lending rates by between 75 and 100 basis points, as the impact of a long-running liquidity crunch in the local capital market came to bear.
The rebirth of hope at Tati

1 week ago | mmegi.bw | Mbongeni Mguni

Phoenix Mine watched its sister, Selkirk snapped up for P67 million in 2022, while it remained gathering dust. Now, an Austrian investor has promised to pump in P2.8bn to raise Phoenix from its ashes. MBONGENI MGUNI writes The people of Francistown have every right to be sceptical. The tale of the economy of the northern city is one of bright but broken promises, hopes built then dashed, the kind of situation that makes citizens become resistant to hope.
Firms optimism less optimistic in H1

1 week ago | mmegi.bw | Mbongeni Mguni

Local firms have grown less optimistic on the business operating conditions in the first half of the year, due to the slow impact of economic transformation policies, a Bank of Botswana survey has shown.
Tariffs jeopardise 200,000 American diamond jobs - World Diamond Council

1 week ago | mmegi.bw | Mbongeni Mguni

Whilst Botswana braces for the impact of US tariffs on diamonds, the World Diamond Council (WDC) has warned the Trump government that the US could also take a knock, with up to 200,000 jobs in that country at risk from the planned policy action. The WDC, the US-based umbrella body representing the natural diamond value chain, estimates that thousands of jobs could be lost across the industry from manufacturing to independent jewellers.
Motlhanka settling well at English club

1 week ago | mmegi.bw | Mqondisi Dube

Senior men's cricket team captain, Karabo Motlhanka is settling well at his new club, Cleeve Cricket Club, in the United Kingdom (UK) after moving there earlier this month. Motlhanka, who has previous experience playing in the UK and Zimbabwe, joins the Bristol City-based side until the end of the season in September. In 2017, Motlhanka was in the UK where he played for the Holmewood Cricket Club, scoring 902 runs in 33 matches.
BFA step-up efforts to introduce VAR

1 week ago | mmegi.bw | Mqondisi Dube

The Botswana Football Association (BFA) this week accelerated efforts to introduce Video Assistant Referee (VAR) system in the local league beginning next season. Botswana could become one of the first COSAFA members to introduce VAR, after the BFA held the second of a three phase training project for match officials this week. The BFA Referees Manager, Phodiso Rasetsoga said following the second workshop, they are pleased with progress.
Austrian investor plans P2.8bn to resurrect Tati

1 week ago | mmegi.bw | Mbongeni Mguni

European investment group, NIU Invest, led by Austrian mogul, Cevdet Caner, says it will invest $200 million (P2.8bn) over a 10-year period to bring Phoenix Mine back to profitable operations, creating more than 3,000 direct and indirect jobs. NIU snapped up Phoenix last year for $15 million (P205 million), after an extended period of the liquidators and government looking for takeover partners for the operation.
Gov’t misses debt target again

1 week ago | mmegi.bw | Mbongeni Mguni

Government was only able to raise P1.6 billion or just 54% of the debt it was hoping to raise at the latest fundraising auction held by the Bank of Botswana (BoB). Figures from the central bank show that bidders for the government treasury bills and bonds on offer at the April 24 auction, were particularly reluctant to take up notes at the longer end of the spectrum, potentially signalling some concerns about future economic trends.