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StanChart bags award for loyalty programme

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Standard Chartered Bank Botswana has been awarded the Best Bank for Loyalty Programme in Botswana during the 8th annual global banking and finance review awards recently.

According to a statement, the award is in recognition of the Bank’s 360o Rewards Programme launched two months ago. The bank’s product manager Donald Bodi is not surprised they have bagged the awards. “Rewards programmes are not a new concept in Botswana, but our 360O Rewards programme is one that truly does what it says – rewards you for just continuing with your normal spending behaviour with no restrictions on what type or grade of card you are using or which merchant you are spending at. It is holistic (360O) rewards. We are offering our clients real life value-add to their banking experience.”

Standard Chartered is a Botswana-based bank and the oldest in the market. According to Brian Mfula, head of the retail products said they are excited to have launched the 360 degrees product. “Receiving the Global Banking & Finance Review Award is even more exciting considering that it has been live to clients for just less than two months. The growth in the usage of the platform since the launch confirms that our clients have experienced the innovation and convenience it offers and are sharing in our excitement. We are proud to receive this award, and thank our clients for making this award possible.”

360O Rewards is a fully digital end-to-end card loyalty programme that rewards all Standard Chartered Bank customers for their day-to-day spends on both credit and debit cards. All Standard Chartered Bank customers are automatically enrolled for the programme but are required to register a 360O Rewards account online to access the platform.

Global Banking & Finance Review is a leading Online and Print Magazine, read in over 200 different markets. Since its inception in 2011, The Global Banking & Finance Review Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. The awards were created to recognise companies of all sizes which are prominent in areas of expertise and excellence within the financial world.

The prestigious award will be published in the December 2018 edition of the London-based Global Banking & Finance Review. Alongside the Bank’s award for being the Best Consumer Digital Bank Botswana in the 2018 Global Finance Awards, This award makes it two (2) Internationally-acclaimed awards that Standard Chartered Bank Botswana has won in the last quarter of 2018.

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OLOPENG HEAPS PRAISE ON BSE FINANCE CHALLENGE

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Minister Thapelo Olopeng

Botswana Stock Exchange’s annual finance and investment competition for secondary school students has been applauded by the Minister of Tertiary Education, Research, Science and Technology, Thapelo Olopeng.

The initiative, a capital market awareness tool that has been running for the past seven years, is increasing financial literacy and a culture of investment among young people. The initiative will see the country raise future billionaires through the stock markets. “It is a breath of fresh air to have tertiary students who are financially literate, who can manage their finances,” said the minister.

He urged students to invest even the smallest allowances they earn and have a hassle-free life after university. “Investing on the stock exchange is not only preserved for the rich, but for anyone with a bank account,” said Olopeng.

The minister said the secondary schools finance and investment competition is participation of the private sector in bridging the knowledge divide.Olopeng said the private sector participation augments his ministry’s efforts of providing and building knowledge and innovation through the development and implementation of the policy on tertiary education, research, science and technology to transform the economy from a resource based to a knowledge based.

“In this connection, we will continue to empower our students in order for them to lead better and successful lives which can propel them into the innovation ecosystem,” said Olopeng. BSE Chief Executive Officer, Thapelo Tsheole said the Senior Secondary Schools Finance and Investment Competition, first established in 2013 aims to sensitise and educate the student community about capital markets, with the strategic aim to increase financial literacy and promote a culture of investing at a young age.

The competition is open to all senior secondary schools across the country, including private and public senior secondary schools.

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WE ARE NOT USING DIAMONDS TO KILL ELEPHANTS, THAT’S HOGWASH! – BOTSWANA MINISTER

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Orapa Mine, part of Debswana

Botswana is not using diamonds to kill elephants as alleged by some conservationists after the southern African country announced plans to lift a ban on elephant hunting to address growing conflict between humans and wildlife, a government official has said.

Minister of mineral resources, Green technology and energy security Eric Molale told a mining conference in Gaborone on Monday that the activists were tarnishing the image of Botswana. “That’s hogwash because we as Botswana are [good] conservationists and it is us who worked hard to make sure these elephants [are] brought to the numbers that we do have now,” he said.

“When conflicts arise, it is through consultation, [that we] find out how we can best manage our resources. The people have spoken and we are going to be managing the elephants in the best way that we can.

“We are not culling, we have re-introduced the trophy hunting and if you take 400 elephants per annum for trophy hunting against the 3-5% annual growth rate of the elephant herd that we have…[we are] just barely scratching on the surface.”

Botswana has about 130 000 elephants, the world’s largest population.Molale said Botswana will remain focused on things that are beneficial to the country and will not be distracted by issues spread by people that are not even privy to how things are done in the country.

“We have, however, invited them to come and learn more about what we are doing so they can better understand those important aspects of flora and fauna…”The conflict between humans and elephants had gone up since the ban was introduced in 2014.

Tourism is the second source of foreign income in Botswana after diamonds and conservationists fear that the former will be affected is the government cull elephant.
[Rough and Polished]

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