New building technology introduced by Metse (Pty) Ltd will help save time and cost of building as the construction of a house will only take eight days.
The technology uses panels and a mixture of concrete and cement and can build any house and has been used in India for over 12 years. Speaking to Business Trends, Metse Managing Director, also former Botswana National Youth Council Executive Director, Benjamin Raletsatsi said the technology saves times and other building costs as the house is completed within eight days.
“The backlog in the delivery of houses in Botswana remains a problem and through our technology, Metse can deliver a house within eight days. The speed of the completion of the house provides savings to the customer through the value of time,” said Raletsatsi.The panels are manufactured using high impact moulded inserts bonded between two layers of CCB (conducive carbon black) in situ and erected to produce a straight-to-finish wall. A monolithic structure is then created by filling the entire structure with concrete.
He explained that the system is about 20 percent cheaper compared to the traditional housing materials. He said the system is very strong as it uses concrete instead of normal bricks. “With this system we can guarantee high quality house without high costs and it is suitable for all locations. It also has durable finishes which minimise rework and repairs,” said Raletsatsi.Raletsatsi said they have approached the Office of the President in a bid to assist the nation in providing affordable homes for Batswana.
Last week they handed over a two bed-roomed house in Old Naledi which was built through the technology. “Housing is a fundamental human need and this is what drives us as Metse and we have gone out to ensure that we innovate and collaborate with housing and industry players to bring affordable comfortable, yet stylish homes,” said Raletsatsi.Metse is a company founded by two Batswana women, Thato Raletsatsi and Kerotse Pie.
Gov’t swiftly acts on BMC
Government has moved swiftly to place Botswana Meat Commission under the care of a management firm; the move is meant to put the Commission into shape both operationally and financially.
This was disclosed by Finance and Economic Development Minister, Dr Thapelo Matsheka, further stating the BMC is technically insolvent despite having received nearly P1billion as a bailout in recent times. The new management company will run BMC, which is based in Lobatse starting on the 2020/2021 financial year.
The finance minister made it crystal clear that, the move to appoint a caretaker firm for BMC was made to protect the interests of all stakeholders, including farmers. According to Matsheka, the Minister of Agriculture Development and Food Security, Dr Edwin Dikoloti will provide more details on the BMC changes in due course during his committee of supply speech. Government is also proceeding with the conversion of BMC to a company under the Companies Act following the approval of BMC Transition Bill and subsequent repeal of the old Act.
The repealing of the BMC Act has since eliminated the monopoly of the Commission when it comes to beef and cattle export. The repeal has also enabled government to establish a beef regulator which will be responsible for regulating the beef and the cattle sector. “Another aspect of the transition is the ultimate privatization of BMC.
The objective of the privatization of BMC is, among others, to engage the private sector in the ownership and management of the BMC to achieve operational efficiency and profitability, as well as reduce Government’s future financial commitments in the entity. This would be an important process in the transformation of the beef and cattle sector,” noted Matsheka. BMC which is 100 percent owned by government has been operating with losses for many years due to internal and external challenges such as poor supply and Foot and Mouth Disease(FMD).
BSE invite companies for CSD project
Botswana Stock Exchange (BSE) has intentions to implement a new Central Securities Depository (CSD) system by the second quarter of next year.
Authorities at the bourse have already put out a call for companies to perform a post migration data verification and quality assessment from the current depository system to a new depository system set to go live in the first half of 2020.“As part of the project, the BSE is to migrate master data and reference data from the current system to the new CSD system,” said BSE in a statement released this week.
According to BSE, the project will include comprehension of the BSE Data Migration Strategy and Plan and data mapping design and rules, review of the data migration ETL processes, data quality verification completeness, accuracy, consistency, definition and scope of data to migrate. In addition, BSE said it will migrate only active or open transactions in the current system to the new system. The scope of open transactions includes active or running corporate actions, active investor accounts, investor account balances above zero, active participants, active issuers and active instruments.
Meanwhile, BSE Chief Executive Officer, Thapelo Tsheole is on record citing that the new CSD system comes with functionalities such as securities borrowing and lending (SBL), management of the settlement guarantee fund, initial public offering (IPO) processing, e-voting for listed entities, repo management and online investor access.
Commenced in the first quarter of 2019, the project is also an integral element of the ongoing single CSD project pioneered by the Ministry of Finance and Economic Development, Non-Bank Financial Institutions Regulatory Authority and BSE.
The system is also expected to help increase the CSD system ratings by Thomas Murray, an assessment of which will be conducted once the system has been commissioned in early 2020.