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Kgori Capital removes Bakang Seretse as shareholder

Kgori Capital has announced decision to remove Bakang Seretse as a shareholder of the company. This follows the resignation of our former Managing Director Bakang Seretse. “Our shareholder’s agreement states that shares will only be held by those that are employed by Kgori Capital. Thus, we have already started the process of removing Mr. Seretse from our shareholders list,” reads the statement.

Meanwhile it has been stated that Mr. Alphonse Ndzinge and Ms. Sharifa Noor are currently Joint Executive Managers of Kgori Capital. Kgori Capital managers say they take confidentiality extremely seriously. “Thus, we are saddened by the carefree and casual way extremely confidential information about clients and client dealing is being circulated. This is particularly so on social media. We would like to state and gently remind people that we are talking about people’s livelihoods.

We are talking about people’s jobs and careers. We plead with all to restrain themselves from speculation. We are prepared to engage on the facts as we have them.” Kgori Capital is a home-grown Asset Management Company that has always strived to make an enduring difference. We set out to do better for our country. We set out to demonstrate that, indeed, a 100% citizen owned and run Asset Manager can serve the likes of BPOPF as well as anyone else in the world. In fact, it is our conviction that our intrinsic understanding of the lay of the land here in Botswana provides us a distinct advantage over others.

“We are patriots and thus take the responsibility that has been bestowed upon us by so many entities extremely seriously. Our brand promise has always been to “Invest with Pride” and we chose the Kori Bustard as our symbol. This great bird spends 70% of its time on foot. Our Kgori icon remains grounded, symbolising a stable, trustworthy and reliable company. The Kori Bustard is however always on the move, always learning and growing. This is what Kgori Capital is about,” says a statement from the company.

We are thus incredibly saddened by the topic that has gripped the Nation over the last couple of weeks. We ourselves have not got all the facts yet as this topic appears to be incredibly complex, and with multiple layers. We would like to start by categorically stating several facts that we believe will help clarify some miscommunications that are doing the rounds:

“At Kgori Capital, we take Corporate Governance extremely seriously. Any infringements of set policies are dealt with rapidly and with consequences. Issues such as non-disclosure of conflicts of interest are dismissible offences at Kgori Capital; We pride ourselves in having extremely high standards for our operational controls. We are in fact one of the few Asset Management Operations in Botswana that have a Dedicated Compliance Officer. This ensures that we can provide great assurance to our clients and regulators through the vigorous and daily monitoring of our internal controls and systems.

While the trend in the sector has been a high turnover of staff at asset management companies. We at Kgori Capital have seen a steady growth curve. Today, we lead the best Investment team in Botswana which is 100% staffed by Batswana. We are consistently ranked a leader in investment performance by Alexander Forbes Asset Manager Watch.”

“Kgori Capital is a Botswana focused investment manager, and proudly so. We provide client driven local and international investment solutions to pension funds, corporates, charities, and private clients. We understand the responsibility upon us and the trust that so many place in us, and work to deliver on our promise to all in everything that we do. This we do with the utmost focus on delivering value and results in a truly unique and transparent manner.

We are a Botswana business that has always aimed high. And we believe we are a testament to the fact that we as Batswana can make our mark and an evident difference in the market. We understand that this topic has, by association, tarnished our brand, and this is most regrettable given that not all the facts have been established as yet. Despite this, we have an unwavering commitment to our stakeholders, customers, supporters, family and friends whom we look forward to continuing to serve well into the future.”

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Khan: Boko, Masisi are fake politicians

18th January 2021
Masisi & Boko

While there is no hard-and-fast rule in politics, former Molepolole North Member of Parliament, Mohamed Khan says populism acts in the body politic have forced him to quit active partisan politics. He brands this ancient ascription of politics as fake and says it lowers the moral compass of the society.

Khan who finally tasted political victory in the 2014 elections after numerous failed attempts, has decided to leave the ‘dirty game’, and on his way out he characteristically lashed at the current political leaders; including his own party president, Advocate Duma Boko. “I arrived at this decision because I have noticed that there are no genuine politics and politicians. The current leaders, Boko and President Dr Mokgweetsi Masisi are fake politicians who are just practicing populist politics to feed their egos,” he said.

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Ookeditse rejects lobby for BPF top post

18th January 2021
LAWRENCE-OOKEDITSE

Former Botswana Democratic Party (BDP) parliamentary hopeful, Lawrence Ookeditse has rejected the idea of taking up a crucial role in the Botswana Patriotic Front (BPF) Central Committee following his arrival in the party this week. According to sources close to development, BPF power brokers are coaxing Ookeditse to take up the secretary general position, left vacant by death of Roseline Panzirah-Matshome in November 2020.

Ookeditse’s arrival at BPF is projected to cause conflicts, as some believe they are being overlooked, in favour of a new arrival. The former ruling party strategist has however ruled out the possibility of serving in the party central committee as secretary general, and committed that he will turn down the overture if availed to him by party leadership.

Ookeditse, nevertheless, has indicated that if offered another opportunity to serve in a different capacity, he will gladly accept. “I still need to learn the party, how it functions and all its structures; I must be guided, but given any responsibility I will serve the party as long as it is not the SG position.”

“I joined the BPF with a clear conscious, to further advance my voice and the interests of the constituents of Nata/Gweta which I believe the BDP is no longer capable to execute.” Ookeditse speaks of abject poverty in his constituency and prevalent unemployment among the youth, issues he hopes his new home will prioritise.

He dismissed further allegations that he resigned from the BDP because he was not rewarded for his efforts towards the 2019 general elections. After losing in the BDP primaries in 2018, Ookeditse said, he was offered a job in government but declined to take the post due to his political ambitions. Ookeditse stated that he rejected the offer because, working for government clashed with his political journey.

He insists there are many activists who are more deserving than him; he could have chosen to take up the opportunity that was before him but his conscious for the entire populace’s wellbeing held him back. Ookeditse said there many people in the party who also contributed towards party success, asserting that he only left the BDP because he was concerned about the greater good of the majority not individualism purposes.

According to observers, Ookeditse has been enticed by the prospects of contesting Nata/Gweta constituency in the 2024 general election, following the party’s impressive performance in the last general elections. Nata/Gweta which is a traditional BDP stronghold saw its numbers shrinking to a margin of 1568. BDP represented by Polson Majaga garnered 4754, while BPF which had fielded Joe Linga received 3186 with UDC coming a distant with 1442 votes.

There are reports that Linga will pave way for Ookeditse to contest the constituency in 2024 and the latter is upbeat about the prospects of being elected to parliament. Despite Ookeditse dismissing reports that he is eying the secretary general position, insiders argue that the position will be availed to him nevertheless.

Alternative favourite for the position is Vuyo Notha who is the party Deputy Secretary General. Notha has since assumed duties of the secretariat office on the interim basis. BPF politburo is expected to meet on 25th of January 2020, where the vacancy will be filled.

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BDP cancels MPs retreat

18th January 2021
President Masisi

Botswana Democratic Party (BDP) big wigs have decided to cancel a retreat with the party legislators this weekend owing to increasing numbers of Covid-19 cases. The meeting was billed for this weekend at a place that was to be confirmed, however a communique from the party this past Tuesday reversed the highly anticipated meeting.

“We received a communication this week that the meeting will not go as planned because of rapid spread of Covid-19,” one member of the party Central Committee confirmed to this publication.
The gathering was to follow the first of its kind held late last year at party Treasurer Satar Dada’s place.

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