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Woolworths retains position as most reputable organisation

Woolworths is pleased to have retained its position as South Africa’s most reputable company in the annual Reputation Institute’s (RI) National RepTrak Pulse survey for 2015.

RepTrak, which ranks the largest listed companies by revenue and familiarity, tracks companies which are engaged in commercial activities, have a reasonable amount of familiarity with the general public, and are not wholly-owned subsidiaries of other companies.

Susie Squire, Group Head of Corporate Communications, Woolworths Holdings Limited, said: “We are honoured to be voted South Africa’s most reputable company for the second year running and this award is testament to the loyalty of our customers and the passion of our staff. Our Woolworths values such as integrity, sustainability and excellent service are at the heart of everything we do and we strive to be a leader in making a broader contribution to both the communities in which we operate and South Africa as a whole.

“Following our acquisition of David Jones, our collaboration with global icon for social cohesion Pharrell Williams and many other milestones, our focus is on maintaining and strengthening our relationships with all our stakeholders and making sure we continue to address their issues and answer their needs from a communication, service and product perspective.”

New Orange Money mobile application to improve customer experience

Mobile money application (app) for Orange Money users to provide free and quick access to Orange Money services on the go
Orange Money mobile app available for free on Google Play Store

Orange Botswana has announced the introduction of a mobile money application (app) for the Orange Money service. The new Orange Money mobile app (Orange Money app), is an innovative application that allows customers to easily access, manage and carry out Orange Money transactions straight from home screens of their smartphones.

The application is available on Android and can be downloaded for free on Google Play Store. Once the app is available on the home screen, it just takes a tap on the app for users to access Orange Money services.

The application is expected to enhance convenience and customer experience for Orange Money users.

“We are confident that the Orange Money app will enhance customer experience as it is a direct, easier and convenient way to experience Orange Money. Instead of the normal short code that customers dial to access Orange Money, they will now get this straight from their phones’ home screens. Customers will then practically perform any transaction they wish on their accounts without having to dial short codes,” says Boga Chilinde-Masebu, PR and Foundation Manager for Orange Botswana.

The Orange Money app is user-friendly, fun and enjoyable to use. It offers graphic icons or images illustrating the services offered on Orange Money, a much more interactive experience that users cannot achieve through the short code.

All current and future Orange Money services will be available inside this app. Customers will still be able to check their balances, transfer money from person to person (both Orange and non-Orange customers) within Botswana, pay bills, buy prepaid electricity, and top up airtime.

The new Orange Money application, the first of its kind in mobile money in Botswana, will be available for downloading from Wednesday 23rd September 2015. This new development reinforces Orange Botswana’s leadership position in innovation and mobile money services.

“At Orange we pride ourselves with innovation and being the first movers. The introduction of the Orange Money app only solidifies our place at the top of the innovation log. Currently we are the only mobile company that has this app, only banks have been known to have such apps,” says Chilinde-Masebu.

At the time of launch, the Orange Money app will only be available on Android but it will be made available for non-Android devices in the near future.

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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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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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