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P150 million for BCL ex-employees

There is a flicker of hope for the 6000 ex-miners who were recently axed from BCL following government’s decision to put the mine on provisional liquidation – finally the process of payments of their benefits has begun.
 

Appointed Liquidator Nigel Dixon Warren has confirmed and started the processing of paying the benefits from his jurisdiction which includes mainly terminal benefits, leave pays and bonuses. The miners’ minds have been settled, amid all the struggle of accepting the reality of job loss and the fear of pocketing next to nothing in the pension payout as BCL Staff Pension Fund (BCLSPF) and its asset manager AON announced the relatively good news.


Speaking this week Monday (December 19) in Selibe Phikwe Town Hall, Mr John Gaborutwe, Chairman of the BCL SPF told thousands of gathered former BCL employees that their asset manager, AON Botswana has began processes to roll out payment for their pension benefits, adding that however because of the large volume of payments to roll and issue out, the undertaking will take time.


According to Gaborutwe the Fund which was established 5 years ago has over 4300 members who worked at the Phikwe mine.”This is the money from our members who contributed five percent of their monthly salaries to preserve with us, together with the ten percent of their salaries contributed by the employer which was BCL Limited,” explained Gaborutwe.


When quizzed about whether the cash strapped and liquidated BCL has paid all of the ten percent as per employer- employee contracts, the Fund Chairman confirmed the company has indeed transacted their contribution to the Staff fund. Confirming that BCL held their end of the deal, AON Botswana Pension Consultancy Deputy Director, Peter Hikhwa told the Fund members that BCL has been paying the 10 percent every month, adding that in the cases of delay the oversight body NBFIRA was roped in to make sure the law and agreement was observed.


“According to NBFIRA regulations the employer pays out their contribution to the Pension Fund at least not beyond the 21st of the following month, and BCL has been meeting that deadline,” he said .Hikhwa explained that the recent payment was paid by the liquidator following the October 2016 final payments which came just before workers’ contracts were terminated on the 31st of the same month.


According to Hikhwa, pension payments will be made in two phases, the first encompassing members over 50 years and those that have reached the 60 years retirement age. He explained that the group will receive a third of their pension tax free and will have the option of a complete 100 percent payout. Hikhwa further said that the threshold houses one percent of 60 year olds, nine percent of 50-55 years old and 11 percent in the 55-59 age group making it to account for 21 percent of the total membership.


Hikhwa further unpacked that the other threshold comprises members under the age of 50 years who will receive one third of their pension, 33.3 percent of that taxed, adding that according to the contract and pension agreements two thirds of the under 50s will only be paid once they reach retirement age being from 50-60 of which he noted would have generated interest. “In a case of the unfortunate event of death, your next of kin as you provided to us, as well as your family will be paid the benefits in your absence,” he confirmed to the young pensioners.  


The representative from the Fund Manager also highlighted that cumbersome processes for the liquidation process which includes providing information about retained BCL employees before the Pension Fund roll out processes can begin are still being carried out. “Once the liquidator clears with us which employees he retained, we will now engage Botswana Unified Revenue Services (BURS) to clear with them.” He added that the process is expected to run until February.


According to Hikhwa new accounts will be created specifically for the pension payment. “We are in talks with a bank so that we create fresh accounts which will be active for 3 years, the account will operate like any other current account and will incur bank charges and tariffs like any other bank account,” he explained. The AON Pension Consultant revealed that the fresh account creation is necessary to fast track payment under a uniform integrated system, adding that once the money is paid beneficiaries can transfer the money to any other account they have and juggle with their hard earned cash as they deem fit like money in any other account. Furthermore Hikhwa told the gatherers that members can also transfer their remaining pension to other funds in an event they get new employment elsewhere or where ever they deem fit and qualify so.


Hikhwa concluded by observing that members will be notified once the processes with the liquidator, BURS and the contracted Bank are concluded. When Weekend Post quizzed him about the Bank which they will engage, the AON officer noted that the information can not be disclosed as the talks are not complete yet. “Once we seal the talks with the bank, the pension recipients will receive information of their pension standing, the one third and remaining two thirds thus the total pension they have gathered and how it was calculated as per the agreement,’’ he said.

 

He said that the ex miners should expect the money to be credited into their new accounts at least by March next year. Hikhwa revealed that they will be using a payment policy similar to that of retrenchment. BCL SPF Chairman, Gaborutwe told Weekend Post that the Fund was established in June 2011 and has over 4 300 members, adding that according to the audited report released in March 31st 2016 the fund was seating at P227 million. “We are a new fund, only 5 years old and we couldn’t have gathered much, but we were still developing ways to expand our portfolio and generate more interest for our members unfortunately the mine met its demise before we could achieve all that.”


Gaborutwe further noted that however, from March to date they expect the fund to have expanded to over P250 million from interest, “But the approximation figures we are receiving from our Fund Manager AON Botswana, which has been our pension management firm from the beginning, indicate we will pay out over P150 million, meaning about 100 million will remain for more interest generation and expansion,’’ he concluded.

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Gov’t shy to shame failing ministers

22nd February 2021
Morwaeng

Minister of Presidential Affairs, Governance and Public Administration, Kabo Morwaeng together with Permanent Secretary to the President (PSP) Elias Magosi, this week refused to name and shame the worst performing Ministries and to disclose the best performing Ministries since beginning of 12th parliament including the main reasons for underperformance.

Of late there have been a litany of complaints from both ends of the aisle with cabinet members accused of providing parliament with unsatisfactory responses to the questions posed. In fact for some Botswana Democratic Party (BDP) backbenchers a meeting with the ministers and party leadership is overdue to address their complaints. Jwaneng-Mabutsane MP, Mephato Reatile is also not happy with ministers’ performance.

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Bokamoso, Gov’t in P10M womb removal suit

22nd February 2021
Bokamoso

Bokamoso Private Hospital is battling a P10 million legal suit for a botched fibroids operation which resulted in a woman losing an entire womb and her prospects of bearing children left at zero.

The same suit has also befallen the Attorney General of Botswana who is representing the Ministry of Health and Wellness for their contributory negligence of having the unlawful removal of a patient, Goitsemang Magetse’s womb.

According to the court papers, Magetse says that sometimes in November 2019, she was diagnosed with fibroids at Marina Hospital where upon she was referred to Bokamoso Private Hospital to schedule an appointment for an operation to remove the fibroids, which she did.

Magetse continues that at the instance of one Dr Li Wang, the surgeon who performed the operation, and unknown to her, an operation to remove her whole womb was conducted instead.
According to Magetse, it was only through a Marina Hospital regular check-up that she got to learn that her whole womb has been removed.

“At the while she was under the belief that only her fibroids have been removed. By doing so, the hospital has subjected itself to some serious delictual liability in that it performed a serious and life changing operation on patient who was under the belief that she was doing a completely different operation altogether. It thus came as a shock when our client learnt that her womb had been removed, without her consent,” said Magetse’s legal representatives, Kanjabanga and Associates in their summons.

The letter further says, “this is an infringement of our client‘s rights and this infringement has dire consequences on her to the extent that she can never bear children again”. ‘It is our instruction therefore, to claim as we hereby do, damages in the sum of BWP 10,000,000 (ten million Pula) for unlawful removal of client’s womb,” reads Kanjabanga Attorneys’ papers. The defendants are yet to respond to the plaintiff’s papers.

What are fibroids?

Fibroids are tumors made of smooth muscle cells and fibrous connective tissue. They develop in the uterus. It is estimated that 70 to 80 percent of women will develop fibroids in their lifetime — however, not everyone will develop symptoms or require treatment.

The most important characteristic of fibroids is that they’re almost always benign, or noncancerous. That said, some fibroids begin as cancer — but benign fibroids can’t become cancer. Cancerous fibroids are very rare. Because of this fact, it’s reasonable for women without symptoms to opt for observation rather than treatment.

Studies show that fibroids grow at different rates, even when a woman has more than one. They can range from the size of a pea to (occasionally) the size of a watermelon. Even if fibroids grow that large, we offer timely and effective treatment to provide relief.

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Masisi warned against a sinking Botswana

22nd February 2021
Ndaba GAolatlhe

The Alliance for Progressives (AP) President Ndaba Gaolathe has said that despite major accolades that Botswana continues to receive internationally with regard to the state of economy, the prospects for the future are imperilled.

Delivering his party Annual Policy Statement on Thursday, Gaolathe indicated that Botswana is in a state of do or die, and that the country’s economy is on a sick bed. With a major concern for poverty, Gaolathe pointed out that almost half of Botswana’s people are ravaged by or are about to sink into poverty.  “Our young people have lost the fire to dream about what they could become,” he said.

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