Botswana Stock Exchange aggregates business and finance information relating to Botswana and the southern African region.
Saturday, 14 July 2012
Govt dumps Sinohydro
The Minister of Infrastructure, Science and Technology (MIST) Johnnie Swartz announced yesterday that a 14-day notice of termination served to Sinohydro, expired on Wednesday. Initial completion date for the terminal expansion was scheduled for May 2010. Earlier this year, Sinohydro had pledged to complete the project by end of June 2012, Swartz said at a press conference yesterday. The contract was also terminated because the ministry was dissatisfied with the contractor's performance, according to Christopher Nyanga, principal public relations.
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