South African based medical supplies giant, RCA, opened its local chapter, RCA Botswana on Monday this week. Local businessman, Kabelo Binns, is the managing director of (RCA) Botswana (Respiratory Care Africa).
After operating in Botswana for over 15 years through agents, the country has taken a further step to set up officially fully-fledged office in Gaborone and facilitate better rapport and after sales service with its local clients. This operation is in collaboration with citizens of Botswana, who now own 40 percent of the local entity.
Binns’ partner at the company, Sean Reitz, who started RCA 15 years back said that the company brings with it clinical and technical capabilities to the country, noting that it is not sustainable for Botswana patients to be seeking specialised medical care from outside the borders of the country.
After operating in Botswana for over 15 years via agents, the brand decided to take the leap and formally commit to this important market by opening a fully-fledged office in Gaborone. This operation is in collaboration with citizens of Botswana, who now represent 40 percent of the local entity.
Besides being a fully registered and licensed Botswana company, RCA Botswana has regularised its operations with Public Procurement and Asset Disposal Board (PPADB). The PPADB has issued the company with PPADB 202 and 112 certification, which allows it to not only sell medical equipment but also to service and maintain what they sell here in Botswana by qualified Batswana.
RCA has established itself as the preferred partner towards the delivery of a world-class critical medical care both in the Theatres and in the General wards. This is as distributors of global brand leaders including Mindray, CareFusion, Fisher and Paykel, Hill-Rom and Natus to mention a few. RCA further carries all the warrantees and after-sales support for these brands.
RCA is part of Johannesburg Stock Exchange listed company Ascendis Health, together with the Scientific Group, all dealing with different aspects of healthcare services and products. Ascendis has a market capitalisation of R4 billion.
After months of training and preparation, RCA – Botswana, is poised to be the leading medical supplies organisation in the country.
The official launch the company took off this week, with Botswana’s Inaugural RCA Botswana Medical EXPO and Training Workshops being held at the Gaborone International Convention Centre (GICC).
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.
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.
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.