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BotswanaPost more efficient after restructuring

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BotswanaPost had opportunity to improve service delivery this year by putting staff and making the organisation more effective.

In a review of the year Chief Executive Officer, Cornelius Ramatlhakwane explained that the object of organising their structure, was not about retrenchment but right-sizing the company with the right people at the right places. He said there were 18 percent of their workers at the BotswanaPost Head office with a payroll of P44 million which  he thought they should be fully utilized and they did a skills audit to match their workers with the jobs they were qualified to do.

He said they had the right people at the wrong places but they worked hard to match them with their right work. This helped a great deal as workers became more efficient. They also improved their mail conveyance process moving their productivity from 49 percent to 100 percent.

This was an improvement in the mail delivery services which used to have a letter take five days to reach its destination but has now been reduced to two to three days’ maximum. An enterprise risk process and audit process framework were carried out to ensure that internally people are doing their job diligently. He said the scan audit showed that there is no efficiency in their performance and that they had their workers work hard to reach their targets as part of the recommendations by the performance management scan.

Revenue per labour cost was challenging but because they have pushed their workers to the front line to work hard and sell their products it has been stable, he explained.

“I can assure you that we are seeing a good traction in terms of revenue and we are having targeted efforts to get results, we have initiatives that push people to excel in terms of our Motshidisi insurance we used to sell 300 policies per month but because of these targets and strategies we sold 2100 in the month of August it’s better now” said Ramatlhakwane.

He appreciated his staff for being resourceful and resilient and being able to adapt to the new structure that has made the organisation better.

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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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