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G4S resolute on growing revenue

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G4S Botswana remains focused on the new strategy to deliver profitable revenue growth for the company despite the tough economic conditions says Managing Director, Mokgethi Magapa. In its half year ended June 2017, the group recorded a marginal increase of 4.5 percent to P16.2 million in profits. Revenue grew by 2, 4 percent to P110.7 million driven by new business across the portfolio.

Gross profit increased by 7.4 percent to P43.3 million compared to P40.3 million recorded in 2016. Magapa said they remain focused on the ‘5 to Drive’ strategic priorities to deliver profitable revenue growth and liberate resources to be able to provide value added services and pass the benefits to customers. The five priorities include Revenue growth, cost containment, customer centricity, operational excellence and engaged people.

He said despite the tough trading environment the group’s cash reserves expanded by 192 percent. Profit before income tax adjustments (PBITA) increased by 5.1 percent driven by new business, product mix benefits mainly on cash management and year on year pricing across the portfolio offering partially offset by balance sheet clean up of non performing business.

“Recently there has been low demand of services in Botswana, but we are very confident that by the end of the year we will achieve our seven percent target growth,” he said. Magapa said they are focusing on delivering value by driving top line growth and liberating resources within our business value chain so as to enhance our customer experience throughout the order to cash process. “The company will maintain its focus on integrating technology in its offering of higher and quality products. We are confident that the business will overcome current economic environment and deliver growth in earnings as well as deliver more value to our customers,” he said. The group declared a dividend of 12.13 thebe per share which will be paid on October 13.

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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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