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Lief Diet: your mobile health haven

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Lief Diet is a company that speaks healthy living by selling light meals and delivering them to their customers. Thabang Kololo, a young entrepreneur whose biggest challenge is lack of business background, brought the idea of selling and actually delivering to life. The self-funded business started at the beginning of 2015.

It has 10 months in operation. Kololo says that their goal is to be a homegrown brand that excites people and provides convenience. Since most of their products are organic, they have built a strong partnership with Woolworths which provides them with bread and uniform. They get fresh vegetables from a vegetable delivery company called Go fresh that also thrives on convenience.

Lief Diet delivers salads of all kinds, smoothies and sandwiches to corporates and even individuals who order mostly by calls and text messages. Lief Diet boasts a team of six young individuals who exude energy and confidence. Their day starts as early as 3am to prepare fresh sandwiches. They start their deliveries at 8am and receive calls throughout the day even during lunch.

They even prepare lunchboxes for kids whose parents prefer healthy living. In terms of profit, Kololo says Lief Diet is making enough to sustain it and they are not in a rush to make profit but want first to establish and grow the brand.

Among their biggest clients they count Barclays Bank, Barloworld, Nandos and Choppies employees. Their “highlight” was when they received an order for breakfast from Office of the President.  “We are a youthful brand and we intend to make the brand exciting. It’s 2016 a year of convenience and here we are offering it,” said Kololo.

As for challenges he bemoans the ‘stiff’ regulatory environment that denies them business opportunities to sell in government offices. However he is confident Lief Diet will surmount these through making convenience a norm. It’s for that reason that they’ve engaged Botho University to help them create a mobile app for their customers to make orders.

The app will be for android phones and will be launched before June. Barclays Bank is also coming on board to provide card swipe machines to offer even more convenience to customers. Lief Diet also offers personal training and tailor made diets for clients who wish to lose weight and maintain healthy lifestyles. They have a nutritionist and a personal trainer to offer training, which include exercises to suit the client.

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BSE upgrades online investor access

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A recent BSE opening bell function.

Botswana Stock Exchange Limited (BSEL) will this year introduce a new clearing and settlement system, as part of efforts to improve operations of the bourse.

Speaking at the seventh opening bell ceremony, Chief Executive Officer, Thapelo Tsheole said the development will help improve liquidity and risk management. In addition, the new settlement system replaces the 2008 system while fast tracking introduction of security borrowing and lending, management settlement guarantee fund, as well as identifiers for companies and instrument.

BSEL has already awarded a contract to a Swedish company to implement the system which is also expected to digitalize Initial Public Offering (IPO), allow electronic voting for listed companies during annual general meetings (AGM) for absent shareholders.

The project, which is expected to take eight months once the two parties sign the deal, is part of efforts to have more online investors access for BSEL. Tsheole also revealed that BSEL website will undergo a revamp this year, allowing it to be more analytic, live feed shares, as they trade.“The tender is already out for the website and mobile application. It is a project that we had hoped to implement last year but because of logistic problems, we could not do it,” said Tsheole.

BSEL further plans to introduce two data display screens at CBD and at the stock exchange.“These will assist with information sharing and keep the market updated,” said Tsheole. Meanwhile, BSEL will not change its Automated Trading System (ATS) until 2022, according to Tsheole.“The system supports our strategy to grow the market and increase the average daily turnover levels to 18.0million per day by 2021,” said Tsheole.

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BSE complies with reporting guidelines

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Botswana Stock Exchange Limited (BSEL) has become the 5th bourse in Africa to comply and publish Environment, Social and Governance (ESG) reporting guidelines.

The development comes a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.“The BSE made a commitment to publish guidance on ESG Reporting. This commitment has been fulfilled.“

We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited.
Other stock exchanges that have complied with the SSE initiative on the continent are from South Africa, Nigeria, Morocco and Egypt.

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