Connect with us

Business

Barclays Bank Botswana responds

Published

on

Barclays PLC has through Barclays Bank Botswana (BBB) released a statement following the recent press speculation regarding a potential sale of its shareholding in Barclays Africa Group Limited (“BAGL”).

The statement released this Monday from BBB notes that, the Board continues to evaluate its strategic options in relation to its BAGL shareholding and expects to update the market when it announces its 2015 full year results on 1 March 2016.

“Consequently, BAGL shareholders are advised to exercise caution when dealing in BAGL shares. The BAGL Board confirms that BAGL will continue to operate in the normal course of business. “BAGL is the majority shareholder of BBB. It is not anticipated that the update by Barclays PLC will affect the shares listed on the Botswana Stock Exchange. Nevertheless BBB shareholders are advised to exercise caution when dealing in BBB Shares.”

BBB which has been in the Botswana market for 65 years has indicated that it has a clear strategy in Botswana and remains focused on executing that strategy.

“BBB is a profitable business, well capitalised and is financially independent of Barclays PLC. BBB is in a strong liquidity position and will continue to ensure that it is able to deliver services and value to all its stakeholders. BBB continues to offer its customers cutting edge financial solutions.

BAGL is the majority (and in some cases sole) shareholder of the BAGL operations in South Africa, Kenya, Botswana, Ghana, Zambia, Mauritius, Mozambique, Seychelles, Uganda and Tanzania (Barclays Bank Tanzania Limited and National Bank of Commerce Limited).

Continue Reading
Comments

Business

Cell City rewards customers

Keikantse Lesemela

Published

on

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.

Continue Reading

Business

Smecha chillie hits the shelves

Keikantse Lesemela

Published

on

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.

Continue Reading

Trending