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Sefalana donates P64 000 to Lesang Bana Care Centre

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Sefalana Holdings continues to support small retailers in their social responsibility projects, says Operations Director, Moagi Buzwani.

Through partnership with its banner group stores, Sefalana donated P64 000 to Lesang Bana Care Centre, which will be channelled to school development projects. Sefalana Cash & Carry has been in partnership with its banner group members, Super 7, Super Deal and City Saver Franchise stores over the past 18 years to donate to the needy organisations.

Speaking during the donation ceremony at Lesang Bana Care Centre in Metsimotlhabe last week, Buzwani said they are much aware of the competitiveness that the retail chain outlets have brought into the business fraternity and most of the villages that they now operate in used to be trading grounds of smaller independent traders. “Despite the challenges that our Franchise Banner Group traders face, they have been bold in their social responsibility stance as demonstrated by their continuous efforts of ploughing back to the communities in which they trade,” said Buzwani.

He explained that smaller independent retailers are the lifeblood of the wholesale business and they have a significant role to play in growing the economy. “I am convinced that by working together as retailers and wholesalers, we will find solutions and improve business for our mutual benefit,” said Buzwani.

Sefalana group currently has over 450 banner group stores operating countrywide. Buzwani highlighted that Sefalana Cash & Carry will always support the banner group with the equal amount they have raised to donate to the community.

Sefalana Group Marketing Manager, Reginald Klinck told Business Trends that they have been supporting the banner group contributions on rotational basis per region every year and this year they want to roll out the corporate social responsibility contributions in all the regions every year. “We try as much as we can to reach out to all places around the country,” said Klinck.

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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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