Connect with us

Business

Moeng sets eyes on her vision

Keikantse Lesemela

Published

on

Through determination, hardwork and perseverance, Kesego Moeng found a niche in the events management market to bring professional solutions and generate income.

Her business, Vision Bound (Pty) Ltd offers professional services, including professional ushering, event management, brand management and advertising. She told the Business Trends that she decided to venture into this business because she is so passionate about serving people and offering professional etiquette.

She worked as a waitress and as a front desk officer for three years apiece, then started a company after a few months of being unemployed. “I did not perform well in my BGCSE in 2011 and my parents refused to pay for my supplement exams. I was motivated to look for a job and raise money for myself. The only job I could do then was being a waitress since I did not even have my certificate yet. I was lucky to have been given an opportunity which I took with determination, dedication and worked so hard because I hated to fail again,” she said.

Starting up the business was not difficult and she only invested P8000 and has never required funding from any financial institution. However, she said building a brand requires patience and perseverance and hard work. “There is a lot of competition in the market but I was so determined and confident that I could offer the best services to corporates, government and individuals. When I do the work I do it beyond expectation. I started with the little I had and I am growing daily,” she said.

Moeng said her business is different from others as she offers services, which most event planners always forget. “People always forget the aspect of taking care of guests and participants. It is not just about ushering them to a seat but they need to be shown that they are important.” She said.

Continue Reading

Business

Gov’t swiftly acts on BMC

Koobonye Ramokopelwa

Published

on

Government has moved swiftly to place Botswana Meat Commission under the care of a management firm; the move is meant to put the Commission into shape both operationally and financially.

This was disclosed by Finance and Economic Development Minister, Dr Thapelo Matsheka, further stating the BMC is technically insolvent despite having received nearly P1billion as a bailout in recent times. The new management company will run BMC, which is based in Lobatse starting on the 2020/2021 financial year.

The finance minister made it crystal clear that, the move to appoint a caretaker firm for BMC was made to protect the interests of all stakeholders, including farmers. According to Matsheka, the Minister of Agriculture Development and Food Security, Dr Edwin Dikoloti will provide more details on the BMC changes in due course during his committee of supply speech. Government is also proceeding with the conversion of BMC to a company under the Companies Act following the approval of BMC Transition Bill and subsequent repeal of the old Act.

The repealing of the BMC Act has since eliminated the monopoly of the Commission when it comes to beef and cattle export. The repeal has also enabled government to establish a beef regulator which will be responsible for regulating the beef and the cattle sector. “Another aspect of the transition is the ultimate privatization of BMC.

The objective of the privatization of BMC is, among others, to engage the private sector in the ownership and management of the BMC to achieve operational efficiency and profitability, as well as reduce Government’s future financial commitments in the entity. This would be an important process in the transformation of the beef and cattle sector,” noted Matsheka. BMC which is 100 percent owned by government has been operating with losses for many years due to internal and external challenges such as poor supply and Foot and Mouth Disease(FMD).

Continue Reading

Business

BSE invite companies for CSD project

Published

on

Botswana Stock Exchange (BSE) has intentions to implement a new Central Securities Depository (CSD) system by the second quarter of next year.

Authorities at the bourse have already put out a call for companies to perform a post migration data verification and quality assessment from the current depository system to a new depository system set to go live in the first half of 2020.“As part of the project, the BSE is to migrate master data and reference data from the current system to the new CSD system,” said BSE in a statement released this week.

According to BSE, the project will include comprehension of the BSE Data Migration Strategy and Plan and data mapping design and rules, review of the data migration ETL processes, data quality verification completeness, accuracy, consistency, definition and scope of data to migrate. In addition, BSE said it will migrate only active or open transactions in the current system to the new system. The scope of open transactions includes active or running corporate actions, active investor accounts, investor account balances above zero, active participants, active issuers and active instruments.

Meanwhile, BSE Chief Executive Officer, Thapelo Tsheole is on record citing that the new CSD system comes with functionalities such as securities borrowing and lending (SBL), management of the settlement guarantee fund, initial public offering (IPO) processing, e-voting for listed entities, repo management and online investor access.

Commenced in the first quarter of 2019, the project is also an integral element of the ongoing single CSD project pioneered by the Ministry of Finance and Economic Development, Non-Bank Financial Institutions Regulatory Authority and BSE.

The system is also expected to help increase the CSD system ratings by Thomas Murray, an assessment of which will be conducted once the system has been commissioned in early 2020.

Continue Reading

Trending