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Postal mail volumes declined by 32% in 2018 – BOCRA

Botswana Communications Regulatory Authority BOCRA indicated that in 2018, the commercial postal market recorded a total mail volume of 867 566 postal items compared to 1 279 093 postal items registered during the 2016/17 financial year.

This reflected a significant decline of 32.2% in mail volumes from the previous financial year. The decline in mail volumes has been associated with diversion to electronic communication by the public at large as well as private and public institutions. Some commercial postal operators and even the public postal operator indicated that the decline in mail volume was due largely to electronic subscription. They indicated that institutions such as banks and insurance companies shifted to communicate with their customers electronically rather than by physical mail.

The commercial postal market shares as measured by mail volumes for both domestic and international mail indicates that as of March 2018, Sprint Couriers was the market leader with 49.8% of the market share, which represented a 9.12% growth from the 40.75% recorded in the previous year. DHL International Botswana was the second leading company with 12.83% followed by Botswana Couriers and Logistics with 10.19% respectively.

Botswana Post with 8.24% and FedEx Express Botswana in fifth spot with 4.19%. At the bottom of the pyramid, seven companies registered a very low market share, each accounting for less than 1.00% of the market share. First Connections Couriers and S. Couriers had the smallest market share, accounting for 0.2% and 0.7% respectively.

The postal market recorded a total of 13 668 791 postal items as of March 2018. Ordinary mail was the main focus for the postal market accounting for 94% of the total mail volume in Botswana, while value-added or express mail services accounted for 6% of the total mail volume. Moreover, the sector recorded more domestic express mail volumes of 617 301 postal items compared to international express mail volumes which registered 250 265 postal items.

Meanwhile, mobile subscriptions registered a decline of 1.4% from 3, 226 389 in the previous year to 3,181 591 in 2018. Mobile tele density declined from 159% in March 2017 to 157% as at March 2018. The decrease in active mobile subscriptions in the review period was attributed mainly to a high churn rate experienced during the festive season of 2017 by the three operators which had not been fully recovered until March 2018.

The market share measured by the number of active mobile subscriptions is as follows: Mascom Wireless continues to be the leader at 53% followed by Orange at 31% and BTC Mobile at 16%. In the previous year, Mascom had market share of 55% followed by Orange with 30% and BTC with 15%.

The number of mobile subscriptions grew by 85% from 1.874 101 in March 2009, to 3,460 331 in March 2016. Uptake of subscriptions then declined by 7% in March 2017 and further declined in March 2018. PTOs explain the decline as natural churn as market reaches maturity. It is expected that uptake of subscriptions would lessen in future, unless there is a strategic intervention by the industry aimed at increasing demand for new subscriptions. Such interventions may involve introduction of totally new and innovative products that address as unserved market need.

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China’s GDP expands 3% in 2022 despite various pressures

2nd February 2023
China’s Gross Domestic Product (GDP) expanded by 3% year-on-year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, according to data from the National Bureau Statistics.

The annual growth rate beat a median economist forecast of 2.8% as polled by Reuters. The country’s fourth-quarter GDP growth of 2.9% also surpassed expectations for a 1.8% increase.

In 2022, the Chinese economy encountered more difficulties and challenges than was expected amid a complex domestic and international situation. However, NBS said economic growth stabilized after various measures were taken to shore up growth.

Industrial output rose 3.6% in 2022 over the previous year, while retail sales slightly shrank by 0.2% data show that fixed-asset investment increased 5.1% over 2021, with a 9.1% hike in manufacturing investment but a 10% fall in property investment.

China created 12.06 million new jobs in urban regions throughout the year, surpassing its annual target of 11 million, and officials have stressed the importance of continuing an employment-first policy in 2023.

Meanwhile, China tourism market is a step closer to robust recovery. Tourism operators are in high spirits because the market saw a good chance of a robust recovery during the Spring Festival holiday amid relaxed COVID-19 travel policies.

On January 27, the last day of the seven-day break, the Ministry of Culture and Tourism published an encouraging performance report of the tourism market. It said that domestic destinations and attractions received 308 million visits, up 23.1% year-on-year. The number is roughly 88.6% of that in 2019, they year before the pandemic hit.

According to the report, tourism-related revenue generated during the seven-day period was about 375.8 billion yuan ($55.41 billion), a year-on-year rise of 30%. The revenue was about 73% of that in 2019, the Ministry said.

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Business

Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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