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Botswana

Trade Winds weekly update volume 11

ZSE suspends operations, The Zimbabwe Stock Exchange advised that all operations have been suspended until further notice.

“Whilst we await the guidance from our regulators on the operational modalities going forward, we notify our stakeholders that trading has been suspended until further notice.” – statement issued by the Secretary for Information.

Brokers have been scrambling to find reasons to inform investors as to why their money has disappeared.

On a positive note, experts have advised that Zimbabwe can significantly narrow its debt if the country manages its vast natural resources in a sustainable manner although the COVID-19 pandemic has worsened Zimbabwe’s debt deficit.

Studies have shown that Zimbabwe holds 13million tonnes of Gold, 2.8 Billion tonnes of Platinum and 16.5million carats of Diamonds just to name a few precious resources.

Dr Moyo said, “with this natural wealth, the country could harness it for development without overly relying on erratic external flows”.   

Kopfontein delays continue, Freight flow at the Skilpadshek border is still taking a knock from COVID related issues, the border which is a vital access point connecting South Africa to Botswana and Namibia is facing continued delays as the Botswana health authorities continue with their inflexible coronavirus testing measures for all truck drivers entering the country which requires the drivers to wait up to 72hours for their results.

 Mike Fitzmaurice, chief executive of the Federation of East and Southern African Road Transport Associations (Fesarta) said that it doesn’t look like the situation is going to change anytime soon.

“Restrictive testing is a real problem at the border, using Kopfontein for alternative access into Botswana because it’s not as busy as Skilpadshek is also still inconvenient because a lot of trucks have to head back south towards the TAC once they have passed through the border.” Fitzmaurice said.

Further South, ATDF (The All Truck Driver’s Foundation) has denied that its organisation disrupted transport on South African roads and intimidated truck drivers, footage has emerged of two cars sporting ATDF banners, parked on the yellow chevron section of the Key Ridge compulsory truck stop between Marianhill Toll Plaza and Pietermaritzburg.

Sifiso Nyathi the national secretary of ATDF said they were just asking for donations from drivers to boost the struggling organisation’s coffers.

The Federation of East and Southern African Transport Associations (Fesarta) said: “There is a car with an ATDF banner stopping and checking trucks looking for foreign drivers, please be alert”

Nyathi rubbished these reports by saying “We weren’t stopping the truck. There is no stop street on the highway. We were only asking for money.”

It’s not the first time that the ATDF has been accused of intimidating truck drivers, especially on the N3 where scenes of violent arson attacks over the past few years, apparently in opposition to foreign nationals working in South Africa’s road transport sector, have sparked wide-scale xenophobic unrest, claiming lives, destroying property and making headlines the world over.

Assistance for Cape Town Port, twenty specialised employees from Durban Container Terminal have volunteered to assist with delays at Cape Town Port, the teams consists of driver articulated vehicles, rubber tyre gantry cranes and ship-to-shore crane drivers boasting over 100 years of collective work experience.

“Both the container and multi-purpose terminals at the Port of Cape Town have been operating at reduced capacity since the introduction of the lockdown regulations.

“However, with the easing of the lockdown, port activities have increased. The container terminal is currently operating at 60% and the multi-purpose terminal at 75% capacity.

“The portside, which is responsible for marine operations, is only operating at 60% human resource capacity, but is able to offer full marine services. Transnet added.

The team will assist in improving cargo movement and extra staff availability.

Acting chief operations officer at Transnet Port Terminals, Velile Dube, said: “Despite all the challenges, we have been able to reduce the number of vessels waiting at anchorage from 11 to five vessels today.

“We have managed to increase the number of gangs from four to five and are now receiving additional staff to help with shifts.”

Cape Town Port seems to be the only port battling with cargo movement, as the City continues to feel the effects of COVID mainly due to it being the epicentre of South Africa’s outbreak.

Settling the debt, one of Zambia’s major copper mines has committed to pay K8 million out of the K58 million it owes the Kitwe City Council.

On Wednesday afternoon, bailiffs paid the Mine a visit in trying to recover debt owed to the local authority, Copperbelt security rushed to the mine in a-bid to intercept the bailiffs but later all 3 parties entered a closed-door meeting.

Journalists were later addressed and were advised that an agreement had been reached on how the debt will be settled.

“The status is that the amount is K58 million. We have negotiated to pay in instalments and today (Wednesday), the mine will pay K8 million and the rest will be paid in instalments. That is the position,” Nundwe said.

“We must be willing to let go of the life we planned so as to have the life that is waiting for us”

Trade Winds weekly update volume 7

Political interference, news just in, caution has been sent out to transporters and drivers as unrest broke out at near a market just south of the Kasumbalesa border, there are claims of a faction war as a political member was dismissed from parliament, currently there are no cases of injuries or damage to vehicles but transporters are urged to not proceed to the Kasumbalesa border.

Continued delays, the Zimbabwean Revenue Authority (ZIMRA) has decided to check every truck entering the country, only a certain amount of trucks are allowed to be released every hour by SARS which is again leading to continued delays and creating longer queues going north at the Beitbridge border post, transporters as well as importers and exporters await an update from Shipping and Forwarding Agents’ Association of Zimbabwe, there is a concern too about the amount of weight the bridge can handle as the trucks sit stationary.

Drivers are calling on help from SADC as their working conditions worsen, a driver who used his phone to record the congestion in Botswana just south of the Kazangula border post said the following “We are about 100 trucks, there’s a single toilet, no water, no food, this is so inhuman. We are appealing to the SADC to do something about it.”

Since then the Botswana Presidential Covid-19 task team has seen the footage and has re-assured the public and relevant stakeholders that they are continuously looking at ways to streamline processes and overcome any challenges.

According to Freight News, “the Presidential Task Team on Covid-19 has directed that, with immediate effect, all truck drivers entering Botswana will now be required to produce evidence of negative Covid-19 results that are not more than 72 hours old, if your test results come in after 48 hours you then have one day to transit into Botswana.”

“So, if you’re stuck in a queue with all the drivers waiting for their results, your valid test will no longer be considered in Botswana and you would need to be tested again.” Said one transporter.

Level 3, President Cyril Ramaphosa announced last Sunday that the whole of South Africa will be going into Level 3 from the 1st of June allowing for the majority of the economy to open up however on Tuesday, Health Minister Dr Zweli Mkhize advised that some coronavirus hotspot areas could remain at level 4, this is to be determined on the amount of cases reported in these areas and will be re-evaluated every two weeks.

Doors closed… For now, AngloGold Ashanti has temporarily shut its doors on mining operations following 164 miners testing positive, the world’s deepest gold mine just recently resumed operations at 50% capacity but due the positive tests results, has been forced to halt operations at the Mponeng Mine.

Sibanye-Stillwater may not resume at 100% just yet says CEO Neal Froneman.

“We are not even sure that we will ramp up to 100%, and we will have to assess that in the next phase of the ramp-up,” he said, adding that the implementation of safety measures would be challenging at deep operations.

“What I have assured is that we are not putting commercial issues ahead of the wellbeing of our employees.”

There are more cases expected at the various South African mines which is going to put pressure on operations and the country’s economy however positivity is on the rise as the country gears up for Level 3.

“When nothing is sure, everything is possible.”