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Choppies Westgate officially relaunched

The extended Choppies supermarket in Westgate Mall enjoyed its official re-launch last Friday in a fun-filled day of entertainment and customer appreciation events, including pop-up food and consumer product stalls, live entertainment, kiddies fun activities, food-tasting and special offers.


This flagship hyperstore is leading the way in local retailing, offering a one-stop shopping experience in a consumer-friendly environment.  The expanded store, now occupying some 4600 square metres of floor space, carries the country’s widest selection of grocery and ancillary stock, along with an extensive greengrocery, butchery, bakery, fresh fish counter and  in-store florist boutique. 

 

Responding to an increasing demand from a busy working clientele,  there is a dedicated Live Kitchen and takeaway bar, delivering a wide selection of hot snacks and meal options, both hot and cold, savoury and sweet.  The store’s strategic positioning on the Western Bypass means that it is now easier than ever to call in on the drive home and pick up a pre-cooked supper and being only 5 minutes away from the new Gaborone CBD, the section is also the perfect pop-in spot for a working lunch on the go.


In addition to the general supermarket experience, there is an in-store clothing section offering affordable men’s and ladies’ fashion, leisure and work wear, along with a trendy budget children’s range.  To one side there is also a convenient branch of Officeberry,  the new Choppies tech arm selling  competitively-priced computer hardware, software and accessories.  The store even offers a Foreign Exchange Bureau for added customer convenience.


The shopping experience at the Westgate store does not end there.  To comfortably accommodate the increased customer base, a secondary parking area has been opened to the rear of the store, served by its own check-out lines.  Behind the rear parking is a large jungle gym and children’s play area set in a landscaped garden with a central pond and fountains, completing the family-friendly environment and relaxing, leisure experience.


Said Choppies CEO Ramachandran Ottaphatu ‘Choppies is a home-grown brand and we are first and foremost invested in Botswana and its citizens. The new Westgate store  showcases the direction the company is taking in terms of customer delivery and enhancing the retail experience.’


Choppies Westgate employs over 200 staff members and is managed by GM, Subeesh Surendran .  In total Choppies Botswana employs over 7000 staff members in 82 stores countrywide, with an additional 2000 staff also employed within the group, making it Botswana’s largest employer and biggest supermarket group.  The brand now also operates in South Africa, Zambia, Zimbabwe, Kenya and Tanzania.  In 2014 the Group made commercial history by becoming the first Botswana-based company to list of the Johannesburg Stock Exchange.

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Matsheka seeks raise bond program ceiling to P30 billion

14th September 2020
Dr Matsheka

This week Minister of Finance & Economic Development, Dr Thapelo Matsheka approached parliament seeking lawmakers approval of Government’s intention to increase bond program ceiling from the current P15 Billion to P30 billion.

“I stand to request this honorable house to authorize increase in bond issuance program from the current P15 billion to P30 billion,” Dr Matsheka said. He explained that due to the halt in economic growth occasioned by COVID-19 pandemic government had to revisit options for funding the national budget, particularly for the second half of the National Development Plan (NDP) 11.

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Lucara sits clutching onto its gigantic stones with bear claws in a dark pit

14th September 2020
Lesedi La Rona

Botswana Stock Exchange (BSE) has this week revealed a gloomy picture of diamond mining newcomer, Lucara, with its stock devaluated and its entire business affected by the COVID-19 pandemic.

A BSE survey for a period between 1st January to 31st August 2020 — recording the second half of the year, the third quarter of the year and five months of coronavirus in Botswana — shows that the Domestic Company Index (DCI) depreciated by 5.9 percent.

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Botswana Diamonds issues 50 000 000 shares to raise capital

14th September 2020
Diamonds

Botswana Diamond PLC, a diamond exploration company trading on both London Stock Exchange Alternative Investment Market (AIM) and Botswana Stock Exchange (BSE) on Monday unlocked value from its shares to raise capital for its ongoing exploration works in Botswana and South Africa.

A statement from the company this week reveals that the placing was with existing and new investors to raise £300,000 via the issue of 50,000,000 new ordinary shares at a placing price of 0.6p per Placing Share.

Each Placing Share, according to Botswana Diamond Executives has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from, 7th September 2020, being the date of the Placing Warrants issue.

In a statement Chairman of Botswana Diamonds, John Teeling explained that the funds raised will be used to fund ongoing exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the Company.

The company is currently drilling kimberlite M8 on the Marsfontein licence in South Africa and has generated further kimberlite targets which will be drilled on the adjacent Thorny River concession.

In Botswana, the funds will be focused on commercializing the KX36 project following the recent acquisition of Sekaka Diamonds from Petra Diamonds. This will include finalizing a work programme to upgrade the grades and diamond value of the kimberlite pipe as well as investigating innovative mining options.

Drilling is planned for the adjacent Sunland Minerals property and following further assessment of the comprehensive Sekaka database more drilling targets are likely. “This is a very active and exciting time for Botswana Diamonds. We are drilling the very promising M8 kimberlite at Marsfontein and further drilling is likely on targets identified on the adjacent Thorny River ground,” he said.

The company Board Chair further noted, “We have a number of active projects. The recently acquired KX36 diamond resource in the Kalahari offers great potential. While awaiting final approvals from the Botswana authorities some of the funds raised will be used to detail the works we will do to refine grade, size distribution and value per carat.”

In addition BOD said the Placing Shares will rank pari passu with the Company’s existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 23 September 2020.

Last month Botswana Diamond announced that it has entered into agreement with global miner Petra Diamonds to acquire the latter’s exploration assets in Botswana. Key to these assets, housed under Sekaka Diamonds, 100 % subsidiary of Petra is the KX36 Diamond discovery, a high grade ore Kimberlite pipe located in the CKGR, considered Botswana’s next diamond glory after the magnificent Orapa and prolific Jwaneng Mines.

The acquisition entailed two adjacent Prospecting Licences and a diamond processing plant. Sekaka has been Petra’s exploration vehicle in Botswana for year and holds three Prospecting Licenses in the Central Kalahari Game Reserve (Kalahari) PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe.

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