Mining

Mining

Botswana is a mining economy.   About 40% of GDP comes from export of minerals, mainly diamonds.  This has however reduced to 25% in recent years because of fall in demand for diamonds and base metals.  89% of exports are from pearls, precious stones, metals and coins (https://tradingeconomics.com/botswana).    Damtshaa, Lerala, Jwaneng, Orapa, Letlhakane and Karowe are diamond mines, although expansion plans have been currently halted due to Covid 19.  Morupule has coal mine.  Export earnings from diamonds is close to USD 4 billion in 2020. 

Debswana is the diamond mining company and it is a joint venture between Botswana Government and Anglo American.  Karowe Mine operations are part of Canadian investment.  Botswana Power Corporation is currently working on PPPs (Public Private Partnerships) to produce power through exploiting coal reserves, while investing in solar farms as well.  There are about 10 diamond polishing companies from India and Israel holding site holder licences employing over 3000 people.   Most polishers are foreign-owned and large family or privatley owned businesses.

Soda Ash mines salt from Makgadikgadi Pans.  Clay bricks form part of mining operations according to laws of Botswana.  Iron Ore deposits have been fund in Botswana and extraction of ore for export purposes is at commissioning stage.

Accounting Estimate

24 September 2021
Accounting Estimates

Allowing Auditors Access to Information

22 September 2021
Allowing auditors access to information

Governance Risk Compliance - 4policy Sofware

21 September 2021
GRC - 4policies software [Download your printer friendly brochure here - rsm_-_4policies_brochure.pdf}

Governance Risk Compliance - 4action Software

21 September 2021
GRC -  4action Software [Download your printer friendly brochure here - rsm_-_4action_brochure.pdf

Governance Risk Compliance - 4Risk Software

21 September 2021
GRC - 4Risk SOFTWARE [Download your printer friendly brochure - rsm_-_4risk_brochure.pdf

GRC Software - Insight4GRC

21 September 2021
Insight4GRC™ A cost effective GRC platform used widely across the public, private and third sectors Take control of your governance, risk and compliance issues!

Botswana Budget 2021-2022 Summary

3 February 2021
Download Tax Highlights from 2021-2022 Budget: tax_highlights_of_2021-22_botswana_budget.pdf

Transfer Duty Changes

17 September 2019
Big Changes in Botswana Transfer Duty.   On the 28th August 2019, the Transfer Duty Act was amended.  Commencement Date will be announced by the Minister.

Those Construction Companies That Stay

16 December 2018
There have always been great constructions companies in Botswana which executed great contracts in Botswana - be they bridges or dams or sophisticated and special-purpose buildings.  But strangely perhaps some of them did not exist for long.  Some wind up and leave after the projects are complete or when they don't get any jobs, they move away or close down.  It is