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81% of Q1 first registrations were used vehicles

A Transport and Infrastructure brief for first quarter of 2017 has noted that motor vehicle registrations have increased significantly during the past 10 years. From 2007 to 2016, a total of 382,914 vehicles have been registered and 265,951 of these vehicles were Passenger Cars, which is 69.5 percent of the total registered vehicles since 2007. First registrations have been increasing at an annual rate of 7.4 percent.

A revealing statistic from the Brief is in regard to new registrations of vehicles as 81% are used cars. According to the Transport & Infrastructure Statistics for Q1 2017 Brief released by Statistics Botswana recently, the highest number of registrations were of vehicles from Japan, which was 70.9 percent of the total first registrations. Out of these vehicles, 99.2 percent were used, with only 0.7 percent and 0.1 percent being brand new and re-built respectively.

Japan was followed by South Africa with 19.4 percent, while imports from Singapore made 3.9 percent. Most of the vehicles from South Africa (81.2 percent) were brand new, which was 84.0 percent of the total brand new vehicles registered this quarter. The Q1 2017 Transport and Infrastructure Brief notes in regard to Motor Vehicle First Registration by Vehicle Type that most of the first registrations done in Q1 2017 were used vehicles, which was 81.0 percent of the total first registrations. Only 0.2 percent were re-built and 18.8 percent brand new. Passenger cars contributed 84.4 percent of the used vehicles.

According to the Statistics Botswana document, Gaborone registered 4,723 first registrations which is 43.3 percent of total first registrations. Mogoditshane followed with 28.8 percent of the vehicle registered for the first time. Compared to the previous quarter, Q4 2016, Statistics Botswana notes that both stations registered a decrease in the number of first registrations. “For Gaborone, this was a decline of 24.9 percent while for Mogoditshane it was a decrease of 29.8 percent. As with the last quarter, no vehicles were registered in Hukuntsi and Tsabong.”

First registrations that were done in Shakawe and Gumare were of passenger cars only. In Gaborone, 70.8 percent of the vehicles registered were passenger cars and motor cycles contributed the least number of vehicles, 0.3 percent, of the total registrations done in Gaborone, says the Brief. The Q1 Transport and infrastructure Brief indicates that Toyota, like in previous years proved to be a popular make and during this quarter, it contributed 42.7 percent of the total first registrations. Honda was the second favorite make with 13.0 percent.

“For Daewoo, vehicles of this make were not registered just like in the previous quarter. Massey Ferguson was the favorite make of tractors contributing 41.2 percent of the total tractors registered for the first time during this quarter. The majority of the trailers that were registered this quarter were home-made, this was 43.8 percent of the total registered trailers.”

During the quarter under review, Q1 2017, most of the first registration were done during the month of March, contributing 41.9 percent of the total registrations. It states that the months of February and January contributed 34.5 and 23.6 percent respectively. Meanwhile the month of March contributed 43.0 percent of the total passenger cars which was 76.7 percent of the total vehicles registered that month. Further analysis indicate that in comparison to the months of the same quarter in Q1 2016, the month of January decreased by 17.0 percent. February and March increased by 9.7 and 15.8 percent respectively.

Motor vehicle renewals by quarter & vehicle type

Statistics Botswana observes in the 2017 Q1 Brief that renewals have continued to grow over the years, this is because every year authorities are registering new vehicles. In 2016 renewals increased by 6.3 percent when compared to 2015. “Comparing Q1 2017, to the same quarter of the previous year, Q1 2016, renewals increased by 7.4 percent. The increase was realized by all the vehicle types except motor cycles which decreased by 3.6 percent and tankers/ horses retained the previous number of 573 vehicles.

Tractors recorded the highest increase of 9.9 percent, followed by passenger cars with 9.5 percent. The lowest increase was recorded for vans, which increased by 2.6 percent. Compared to the previous quarter Q4 2016, all vehicle types declined but the vehicle type that went down most was the tractor with 50.3 percent. The only vehicle type that increased was ’’others’’ with 18.6 percent.”

In addition, during the quarter under review, Statistics Botswana notes that Cities and Towns contributed 54.3 percent to total renewals. It further states that they were followed by the Central District which contributed 13.4 percent, while Kweneng District contributed 12.8 percent to total renewals. Most of the renewals done in Cities and Towns were done in Gaborone (66.4 percent). Francistown followed with 16.2 percent.

“In the Southern District most of the renewals were done in Kanye (63.4 percent). In the Kgatleng district Mochudi contributed 82.2 percent to the renewals done in the district, The North East District contributed 0.8 percent to total renewals. Most of the renewals done in the district were recorded in Masunga (65.9 percent). In the Kgalagadi District most of the renewals were recorded in Tsabong (55.0 percent). Kgalagadi District contributed 1.3 percent to total renewals,” reads the Brief from Statistics Botswana.

In the Central District, 19.6 percent of renewals were done in Serowe, while Palapye and Letlhakane recorded 22.4 percent and 11.7 percent respectively. Maun recorded the bulk of the renewals done in the North West District, it contributed 81.3 percent of the renewals, the Brief states.

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Business

NAMDEB extends life of mine for land operations by up to 20 years

19th October 2021

Joint venture between De Beers and Government of Republic of Namibia announces new plan, supporting economic, commercial, employment and community benefit, following receipt of royalty relief Namdeb Diamond Corporation (Proprietary) Limited (‘Namdeb’), a 50:50 joint venture between De Beers Group and the Government of the Republic of Namibia, today announced the approval of a new long-term business plan that will extend the current life of mine for Namibia’s land-based operations as far as 2042.

Under the previous business plan, the land-based Namdeb operations would have come to the end of their life at the end of 2022 due to unsustainable economics. However, a series of positive engagements between the Namdeb management team and the Government of the Republic of Namibia has enabled the creation of a mutually beneficial new business plan that extends the life of mine by up to 20 years, delivering positive outcomes for the Namibian economy, the Namdeb business, employees, community partners and the wider diamond industry.

As part of the plan, the Government of the Republic of Namibia has offered Namdeb royalty relief from 2021 to 2025, with the royalty rate during this period reducing from 10% to 5%. This royalty relief has in turn underpinned an economically sustainable future for Namdeb via a life of mine extension that, through the additional taxes, dividends and royalties from the extended life of mine, is forecast to generate an additional fiscal contribution for Namibia of approximately N$40 billion. Meanwhile, the life of mine extension will also deliver ongoing employment for Namdeb’s existing employees, the creation of 600 additional jobs, ongoing benefits for community partners and approximately eight million carats of additional high value production.

Bruce Cleaver, CEO, De Beers Group, said: “Namdeb, a shining example of partnership, has a proud and unique place in Namibia’s economic history. This new business plan, forged by Namdeb management and enabled by the willingness of Government to find a solution in the best interest of Namibia, means that Namdeb’s future is now secure and the company is positioned to continue making a significant contribution to the Namibian economy, the socio-economic development of the Oranjemund community and the lives of Namdeb employees.” Hon. Tom Alweendo, Minister of Mines and Energy for the Government of the Republic of Namibia, said: “Mining remains the backbone of our economy and is one of the largest employment sectors within our country.

Government understood the fundamental impact of what the Namdeb mine closure at the end of 2022 would have had on Namibia. Therefore, it was imperative to safeguard this operation for the benefit of sustaining the life of mine for both the national economy as well as preserving employment for our people and the livelihoods of families that depend on it.”

Riaan Burger, CEO, Namdeb Diamond Corporation, said: “After more than a century of production, these operations were approaching the end of their life, but the creation of this new business plan means we can continue to deliver for Namibia for many years into the future. This is great news for the hardworking women and men of Namdeb, as well as for all our community partners who we are proud to have worked with over the years. We now look forward to starting a new chapter in Namdeb’s proud history.”

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Business

Botswana records first trade surplus since January

7th October 2021
Botswana-records-first-trade-surplus-

Botswana has recorded its first trade surplus for 2021 since the only one for the year in January.

The country’s exports for the month of July surpassed the value of imports, Statistics Botswana’s July International Merchandise Trade data reveals.

Released last Friday, the monthly trade digest reports a positive jump in the trade balance graph against the backdrop of a series of trade deficits in the preceding months since January this year.

According to the country’s significant data body, imports for the month were valued at P7.232 billion, reflecting a decline of 6.6 percent from the revised June 2021 value of P7.739 billion.

Total exports during the same month amounted to P7.605 billion, showing an increase of 6.1 percent over the revised June 2021 value of P7.170 billion.

A trade surplus of P373.2 million was recorded in July 2021. This follows a revised trade deficit of P568.7 million for June 2021.

For the total exports value of P7.605 billion, the Diamonds group accounted for 91.2 percent (P6.936 billion), followed by Machinery & Electrical Equipment and Salt & Soda Ash with 2.2 percent (P169.7 million) and 1.3 percent (P100.9 million) respectively.

Asia was the leading destination for Botswana exports, receiving 65.2 percent (P4.96 billion) of total exports during July 2021.

These exports mostly went to the UAE and India, having received 26.3 percent (P1. 99 billion) and 18.7 percent (P1.422 billion) of total exports, respectively. The top most exported commodity to the regional block was Diamonds.

Exports destined to the European Union amounted to P1.64 billion, accounting for 21.6 percent of total exports.

Belgium received almost all exports destined to the regional union, acquiring 21.5 percent (P1.6337 billion) of total exports during the reporting period.

The Diamonds group was the leading commodity group exported to the EU. The SACU region received exports valued at P790.7 million, representing 10.4 percent of total exports.

Diamonds and Salt & Soda Ash commodity groups accounted for 37.8 percent (P298.6 million) and 6.2 percent (P48.7 million) of total exports to the customs union.

South Africa received 9.8 percent (P745.0 million) of total exports during the month under review. The Diamonds group contributed 39.9 percent (P297.4 million) to all goods destined for the country.

 

In terms of imports, the SACU region contributed 62.7 percent (P4.534 billion) to total imports during July.

The topmost imported commodity groups from the SACU region were Fuel; Food, Beverages & Tobacco, and Machinery & Electrical Equipment with contributions of 33.3 percent (P1.510 billion), 17.4 percent (P789.4 million) and 12.7 percent (P576.7 million) to total imports from the region, respectively.

South Africa contributed 60.1 percent (P4.3497 billion) to total imports during July 2021.

Fuel accounted for 32.1 percent (P1.394 billion) of imports from that country. Food, Beverages & Tobacco contributed 17.7 percent (P772.0 million) to imports from South Africa.

Namibia contributed 2.0 percent (P141.1 million) to the overall imports during the period under review. Fuel was the main commodity imported from that country at 82.1 percent (P115.8 million).

During the months, imports representing 63.5 percent (P4.5904 billion) were transported into the country by Road.

Transportation of imports by Rail and Air accounted for 22.7 percent (P1.645 billion) and 13.8 percent (P996.2 million), respectively.

During the month, goods exported by Air amounted to P6, 999.2 million, accounting for 92.0 percent of total exports, while those leaving the country by Road were valued at P594.2 million (7.8 percent).

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Business

The 2021/2022 Stanford Seed Transformation Program Begins

7th October 2021

Founders from twenty companies have been accepted into the program from Botswana, Namibia, and South Africa

The 4th Cohort of the Stanford Seed Transformation Program – Southern Africa (STP), a collaboration between Stanford Graduate School of Business and De Beers Group commenced classes on 20 September 2021. According to Otsile Mabeo, Vice President Corporate Affairs, De Beers Global Sightholder Sales: “We are excited to confirm that 20 companies have been accepted into the 4th Seed Transformation Programme from Botswana, Namibia, and South Africa. The STP is an important part of the De Beers Group Building Forever sustainability strategy and demonstrates our commitment to the ‘Partnering for Thriving Communities’ pillar that aims at enhancing enterprise development in countries where we operate in the Southern African region”. Jeffrey Prickett, Global Director of Stanford Seed: “Business owners and their key management team members undertake a 12-month intensive leadership program that includes sessions on strategy and finance, business ethics, and design thinking, all taught by world-renowned Stanford faculty and local business practitioners. The program is exclusively for business owners and teams of for-profit companies or for-profit social enterprises with annual company revenues of US$300,000 – US$15million.” The programme will be delivered fully virtually to comply with COVID 19 protocols. Out of the 20 companies, 6 are from Botswana, 1 Namibia, and 13 South Africa. Since the partnership’s inception, De Beers Group and Stanford Seed have supported 74 companies, 89 founders/CEOs, and approximately 750 senior-level managers to undertake the program in Southern Africa.

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