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1-10 results from 1000 for query «financial»

January 14, 2019 2:00 PM Generous GU Donate Gate Takings To Chiefs

Chiefs recently lost a key official in Clifford Mogomotsi to a car accident, while the club is also facing crippling financial challenges. Instead of pocketing their 50% share of the gate takings, GU were instead generous enough to pass on the money to Magosi, in a gesture that touched a lot of football fans. “Chiefs are struggling financially, and also the loss of Clifford 1417

January 14, 2019 4:00 AM Higher SACU receipts help trim 2018/19 deficit

Last February, Finance Minister, Kenneth Matambo projected a deficit of P3.6 billion, revising this in September to P4.6 billion, mainly due to revenues being diverted to Debswana mega-projects. Government, as a shareholder in Debswana, has funding obligations to the diamond miner’s upcoming projects, which include Cut 9 at Jwaneng and Cut 3 in Orapa 1285

December 24, 2018 4:00 AM Grace period for BSE free float rules

Known as free float, current listing rules require companies on the BSE’s main board to have 20% of their shares held by the public. The new rules, part of a range of changes for equity listings, were initially due to come into effect on January 1, 2019. Information gathered by BusinessWeek indicates that ahead of the January 2019 deadline, none of the affected 1000

December 4, 2018 2:05 PM FA Cup prize money not enticing

The deal is worth P4.2 million per season and the tournament would be known as the Orange FA Cup. While there was relief across, there has been disappointment over the prize money, as winners take home P700,000, which is less than what both the league and Top 8 competition offers. Speaking at the sponsorship launch, Orange Botswana chief executive officer 212

December 3, 2018 4:00 AM Debswana to unveil Cut 9 contractor

Cut 8, involving the expansion of Jwaneng Mine pit at a cost of more than US$3 billion, was previously the single largest contract for a mine in Botswana. Majwe Mining, a joint venture amongst three major contractors, scooped the Cut 8 contract running it from 2011 to 2016, with a further two-year extension to 2018. The latest contract, a further expansion 127

November 21, 2018 9:38 AM Minergy seeks P70m to finalise Masama

Minergy is developing Masama Coal Mine, which early next year will be Botswana’s second colliery and the first open cast coal mine in the country. The mine and associated coal wash plant, are being developed 50 kilometres northwest of Gaborone and will involve the export of an initial one million tonnes per annum into South Africa. Masama is estimated 170

November 10, 2018 4:00 AM Paul set for fresh legal battle as Notwane cuts salary

Reports were that the outspoken trainer had been dismissed, but the club clarified that he had been asked to temporarily step aside to allow for fresh contract talks. “The team is undergoing financial restructuring. This has been necessitated by the financial constraints facing not only the club, but also the football fraternity in Botswana,” the club said in a statement 153

October 31, 2018 2:51 PM First Division North committee suspended

The suspended include Mompati Ketlogetswe (treasurer), Rapula Gaothobogwe (secretary general) and Mpenzeni Sambandawe (chairperson). The audit had uncovered some irregularities in the financial management of the league. BFA second vice president, Marshlow Motlogelwa had ordered the committee to submit missing documents. An interim committee is expected 147

October 16, 2018 11:53 AM BSE threatens to suspend, chop Choppies

According to the listing rules, companies on the local exchange are required to publish their financial results no more than three months after the end of the relevant financial reporting period. For Choppies, that period expired on September 30. October 31 marks the next critical threshold for Choppies. If no results are forthcoming by then, BSEL could 148

October 9, 2018 4:00 AM BDF Unhappy With One-year Financial Cycle

Addressing the on-going Parliamentary Accounts Committee (PAC) last week, the BDF commander Lieutenant General Placid Segokgo said the current financial cycle duration of a year for BDF to facilitate their programmes is not adequate. He disclosed that to purchase military equipment they need intensive engagements and acquisition hence the one-year financial 155