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Pension Funds urged to invest locally

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Botswana pension funds are expected to convene in Kasane on a country specific forum on Investments and Management set for March 21 to 22. The Botswana Pension Funds Investment and Management Forum themed, ‘Putting the spotlight on alternative investment for Pension Funds: Discovering key asset classes,’ is scheduled to take place at the Cresta Mowana Hotel. MNCapital Group CEO, Mike Ndinisa is of the view that in post global economic crisis environment, developing economies like Botswana need to establish alternative investment strategies that will foster development and leverage the localisation of Pension Funds Investments towards local opportunities.

He adds that careful analysis is required to identify ways of funding most lucrative industries and one of the top financial muscles is the pension fund industry as it contributes or has the potential to contribute immensely on national prosperity. “Retirement funds in Botswana have a total asset base of P69.9 billion, of which about 70 percent are invested offshore, leaving only 30 percent invested locally.

This Forum is set to help the industry at large identifying opportunities locally and significantly increase the proportion of pension fund assets invested locally,” Ndinisa said. MNCapital Group is a leading international investment advisory and institutional business development firm that first hosted a pension funds investment and management forum in Phakalane Golf Estates in 2015. The Forum is expected to host over 150 delegates from various Pension Funds in Botswana, among attendees will also be leading financial institutions, government representatives, local and international investment experts.

The open dialogue will centre on how pension funds, their fund managers and the general investment management industry in Botswana should focus on long-term strategic collaborations to advance economic growth in the country. Pro Mkwanazi, Chief Operating Officer of MNCapital Group said the forum has been designed with a deliberate inclination towards the formulation of pragmatic solutions, challenges and the alignment of investment structures, regulation and best practices with current global expectations and competitiveness.

“We are really excited at the prospect of this forum, bearing in mind that we will have professionals from not only Botswana but from other African countries as well. Principal at Sustainable Investment Consulting (USA), a supporting partner to the Botswana Pension Funds Forum 2018, Graham Sinclair said growing investment in Africa’s economic development along an inclusive and green path depends upon the long-term investment of institutional investors in Africa because sustainable investment depends on Africa’s own pension funds investing in Africa’s future. “Long-term investment depends upon factoring all economic, environmental, social and corporate governance factors into investment decisions,” Sinclair said.

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Cell City rewards customers

Keikantse Lesemela

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Cell City gave away two Toyota Hilux pick up cars worth about P300 000 and three Hisense televion sets worth P15 000 each to their customers through their annual competition.

In partnership with Hisense and Orange Botswana, Cell City conducts annual competitions to reward their customers and contribute to citizen empowerment. Handing over the cars on Friday, Cell City Chief Executive Officer, Brian White said through the competition they want to satisfy their customers and give back to the community. “Cell City and Orange clients were given a chance to win either a Toyota Hilux pickup or a Hisense television set.

All they had to do was purchase any Hisense mobile phone from a Cell City or Orange retail outlet and fill in the competition form in the store,” said White.Thato Ntshabele, who won one of the cars told the Business Trends that she bought a Hisense cell phone worth P900. 00.

“I never expected that I can win a car. I was just filling the forms and dropped into the entry box and I forgot about it. I am so happy to receive this prize and I thank Cell City for this opportunity,” said Ntshabele. Another winner, Dimakatso Mmusi expressed his excitement saying he had always wanted a van and he is grateful to Cell City.

“I just bought a cell phone worth P899.00 at Cell City Railpark mall, I never expected anything, and I was just submitting the form as I was requested by the shop assistants. This car is very useful to me,” said Dimakatso.

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Smecha chillie hits the shelves

Keikantse Lesemela

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For the love of food and the passion to apply modern technology processes in food manufacturing locally, Kgalaletso Mothoagae established her own brand, Smecha specializing in relishes.

She processes and packages chillie in 325 gramms and 1 litre bottles selling at P50 and P150. She told the Business Trends that she decided to process chillies as it is one of the products that are rarely processed in the food industry.

She started cooking it for home consumption and later started selling to friends and currently the product has gone beyond borders at South African Spar shops and Restaurants. “I couldn’t look for any other vegetable as most of them have already been processed in the market. It is my first product of research in the food industry so I found out that I can do good business with this product. This chillie is free from preservatives but still has extended shelf life of 6 months,” said Mothoagae

The Kanye born young lady studied food technology and has the passion to explore the food processing market in Botswana and contribute to reduce the high food import bill. “I wanted to explore more about food and use my skills to contribute to the development of the local food processing and manufacturing industry. I also wanted to supplement my income at the same time,” said Mothoagae.

She has a degree in Food Technology. She says there is a lot of potential for business growth as there is a demand for the product locally and in South Africa. “My main customers are individuals in homes, they have embraced the product, and they love the taste. There is also a market that has been secured in SA; it is available in several shops like spars and some restaurants”. In future, Mothoagae said she would increase the product range to 10 using various vegetables and flavours.

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