Connect with us

Business

Transportation a major setback for Botash

Published

on

Transportation costs remains a major challenge for the business operations of Botswana Ash (Botash), management has said. 

Unlike other commodities whose pricing is dictated by the volatile global market conditions, Botash Operations Manager Kangangwane Phatshwane explained that market conditions are not so much a factor for their product. However, this is not to suggest that they are immune to market conditions.

“We do not experience price escalations unlike with other commodities of copper and nickel as it has been observed lately. The most challenging aspect in Botash is transportation.” Phatshwane said last week in Sowa Town where Botash had hosted the local media.

Transporting their product to the market is very costly. “We spend P300million to the South to transport soda ash and coarse salt per annum and this impact on our profit margins every year,” added Managing Director Montwedi Mphathi.

This amount is shared between Botswana Railways and South Africa’s Transnet, he explained. Road transport, said Mphathi, costs economies a lot of money more than it can be imagined. Botash uses road transport to transport their product to the North.

As part of the company’s strategic themes, Botash will look into the supply chain and logistics capability to optimise its existing supply chain and design a market strategy with logistics channels in mind. 

Part of the company’s project in line with the theme; is to accessible to customers and develop pre-packs for the market. Mphathi said they are currently concluding warehousing and delivery options in this area. Botash is also looking to set Zambia as a hub to make products readily accesible to customer and develop pre-packacks for the market.

In another development, Botash is looking to develop a new customer base in Sub Saharan Africa for soda ash and salt. The targeted markets are Mozambique, Tanzania, Rwanda, Burundi, Angola and DRC and the existing South Africa.

Continue Reading
Comments

Business

OLOPENG HEAPS PRAISE ON BSE FINANCE CHALLENGE

Published

on

Minister Thapelo Olopeng

Botswana Stock Exchange’s annual finance and investment competition for secondary school students has been applauded by the Minister of Tertiary Education, Research, Science and Technology, Thapelo Olopeng.

The initiative, a capital market awareness tool that has been running for the past seven years, is increasing financial literacy and a culture of investment among young people. The initiative will see the country raise future billionaires through the stock markets. “It is a breath of fresh air to have tertiary students who are financially literate, who can manage their finances,” said the minister.

He urged students to invest even the smallest allowances they earn and have a hassle-free life after university. “Investing on the stock exchange is not only preserved for the rich, but for anyone with a bank account,” said Olopeng.

The minister said the secondary schools finance and investment competition is participation of the private sector in bridging the knowledge divide.Olopeng said the private sector participation augments his ministry’s efforts of providing and building knowledge and innovation through the development and implementation of the policy on tertiary education, research, science and technology to transform the economy from a resource based to a knowledge based.

“In this connection, we will continue to empower our students in order for them to lead better and successful lives which can propel them into the innovation ecosystem,” said Olopeng. BSE Chief Executive Officer, Thapelo Tsheole said the Senior Secondary Schools Finance and Investment Competition, first established in 2013 aims to sensitise and educate the student community about capital markets, with the strategic aim to increase financial literacy and promote a culture of investing at a young age.

The competition is open to all senior secondary schools across the country, including private and public senior secondary schools.

Continue Reading

Business

WE ARE NOT USING DIAMONDS TO KILL ELEPHANTS, THAT’S HOGWASH! – BOTSWANA MINISTER

The MidweekSun Admin

Published

on

Orapa Mine, part of Debswana

Botswana is not using diamonds to kill elephants as alleged by some conservationists after the southern African country announced plans to lift a ban on elephant hunting to address growing conflict between humans and wildlife, a government official has said.

Minister of mineral resources, Green technology and energy security Eric Molale told a mining conference in Gaborone on Monday that the activists were tarnishing the image of Botswana. “That’s hogwash because we as Botswana are [good] conservationists and it is us who worked hard to make sure these elephants [are] brought to the numbers that we do have now,” he said.

“When conflicts arise, it is through consultation, [that we] find out how we can best manage our resources. The people have spoken and we are going to be managing the elephants in the best way that we can.

“We are not culling, we have re-introduced the trophy hunting and if you take 400 elephants per annum for trophy hunting against the 3-5% annual growth rate of the elephant herd that we have…[we are] just barely scratching on the surface.”

Botswana has about 130 000 elephants, the world’s largest population.Molale said Botswana will remain focused on things that are beneficial to the country and will not be distracted by issues spread by people that are not even privy to how things are done in the country.

“We have, however, invited them to come and learn more about what we are doing so they can better understand those important aspects of flora and fauna…”The conflict between humans and elephants had gone up since the ban was introduced in 2014.

Tourism is the second source of foreign income in Botswana after diamonds and conservationists fear that the former will be affected is the government cull elephant.
[Rough and Polished]

Continue Reading

Trending