Famous Brands warns of up to 33% drop in interim earnings
A R40.9m goodwill impairment linked to its Botswana operations weighs on earnings as the group reduces its stake in Retail Group from 51% to 30%.
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A R40.9m goodwill impairment linked to its Botswana operations weighs on earnings as the group reduces its stake in Retail Group from 51% to 30%.
The Botswana depositary receipts are expected to raise $500m towards the refinery’s $1.6bn IPO, which has been extended to 27 October.
Anglo American could soon exit De Beers, as a Bloomberg report indicates that the Global Diamond Consortium, the preferred bidder for the diamond producer, is inching closer to sealing a deal with Botswana. This is according to people familiar with the matter.
The proposed deal could lift Botswana’s stake from 15% to about 25%, clearing a major hurdle in Anglo American’s planned sale.
As Botswana’s game farming industry grows, professional hunter Luke Blackbeard’s story highlights how wildlife can become both a viable farming enterprise and a tool for conservation. His journey reflects the opportunities and challenges facing the industry.
Ongoing communication and cooperation between South Africa, Namibia, and Botswana are critical to addressing challenges posed by foot-and-mouth disease (FMD) in the region.
According to Steenhuisen, it is clear that no country can defeat FMD in isolation.