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FNB Online Banking, best in SA as voted by consumers

FNB has taken the top spot in the Columinate Internet Banking SITEisfaction Survey, which measures internet banking quality and user experience in South Africa. At an overall score of 75 points FNB emerged as the best online banking platform in 2015.


Dione Sankar, Head of FNB Online Banking, says, “Our core focus has always been to enhance customer experience holistically and to pay attention to customer needs. We set up various feedback channels and when our clients spoke we listened and paid attention to any concerns raised. Online banking is perfectly complimented with the award winning FNB Banking App, which uses the same secure username and password for 24/7 banking on your smartphone. At the root of our success is ensuring that we put the customer first by viewing everything from the client’s perspective. The success of FNB Online Banking in this survey is largely owed to our firm belief in consistently enhancing customer experience.”


With over 1.4 million active Online Banking and 1.28 million active devices using the FNB Banking App, FNB customers experience the best in quality, usability, safety and ease of use than any other digital banking offering in South Africa.


“From the results of this survey it’s clear that FNB is placed well ahead of the other banks, an achievement we are very proud of and we want to further improve the site in the coming year,” concludes Sankar.


Commenting on the award, FNB Botswana eSolutions Director, Yolisa Phillips-Lejowa said, “This is an inspiring award for us at FNB Botswana because the FNB Group online banking lies at the heart of FNB’s digital banking infrastructure with uniformity across all African subsidiaries.


This achievement is attributed to FNB's brand promise of helpfulness and the bank's passion for innovation.

“Similarly in Botswana, the customer response to online banking has been overwhelming. When we launched the service in 2004, we did so with our customers in mind, we wanted to change their banking experience. With Online Banking, we offer them access to banking that is quick, easy, affordable and convenient – and this accomplishment is confirmation of the FNB Group’s goal to deliver a modern solution of doing banking in a cost effective way" concluded Lejowa.

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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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