Botswana Power Corporation (BPC) has appointed German Dr. Stefan Schwarzfischer, to steer the ship of the beleaguered electricity corporation with effect from 1 November 2016.
The 50 year old German national takes over from the embattled Jacob Raleru who has been leading the Corporation since 2010 and has gone through a series of turbulent times during his reign, from the collapse of the most expensive project undertaken by government, estimated at 15 billion pula- Morupule B, to frequent load-shedding, Raleru has witnessed a large share of stormy days at BPC.
In light of this, WeekendPost has established that BPC derived a transformation strategy in which Raleru was earmarked to be a casualty of the strategy amongst others. The incumbent CEO’s contract will not be renewed when it expires end of this month, and instead he will be replaced by inbound Dr. Schwarzfischer.
Relieving Raleru of the demanding yet lucrative portfolio is said to be part of the Corporation’s transformation strategy that was launched to turnaround the business operations of the Corporation. The appointment of Dr. Schwarzfischer is seen as what the doctor has ordered for the corporation.
“The current CEO, Mr. Jacob N. Raleru’s contract ends on 31st October 2016. He will officially handover the role to the incoming CEO Dr. Stefan Schwarzfischer. The Dr., Schwarzfischer, of German origin will serve the Corporation on a five (5) year contract term,” BPC Marketing and Communications Manager, Dineo Seleke confirmed to WeekendPost on Thursday.
The BPC spokesperson stressed that the recruitment of the CEO was a lengthy process with several governance structures and that it involves a series of events or stages before its conclusion. “Therefore appointment of the new CEO was undergoing appropriate stages to ensure utmost diligence,” she maintained.
“In this case where the new CEO is of German origin, there are preliminary immigration matters that have to be considered prior to relocation,” Seleke pointed out.
The new CEO will provide strategic leadership and direction in order to achieve the successful recovery and transformation of the Corporation into a technically sound, institutionally robust and financially stable utility capable of playing a central role in ensuring sustainable, reliable, affordable and dependable electricity.
He will lead a team of experts, managers and professionals in addressing the systematic problems affecting the Corporation in order to rebuild BPC as a going concern.
The 50 year old holds a Ph.D. in Process Engineering from the Technical University at his home land in Aachen, Germany.
He has held several C-level positions such as CEO, CFO and COO in the FMCG environments and has specialised in international business development and change management.
He has worked for KPMG Deutsche Treuhand-Gesellschaft in the area of corporate restructuring in Frankfurt and Johannesburg.
Botswana Police Service (BPS) has indicated concern about the ongoing trend where the general public falls victim to criminals purporting to be police officers.
According to BPS Assistant Commissioner, Dipheko Motube, the criminals target individuals at shopping malls and Automated Teller Machines (ATMs) where upon approaching the unsuspecting individual the criminals would pretend to have picked a substantial amount of money and they would make a proposal to the victims that the money is counted and shared in an isolated place.
“On the way, as they stop at the isolated place, they would start to count and sharing of the money, a criminal syndicate claiming to be Criminal Investigation Department (CID) officer investigating a case of stolen money will approach them,” said Motube in a statement.
The Commissioner indicated that the fake police officers would instruct the victims to hand over all the cash they have in their possession, including bank cards and Personal Identification Number (PIN), the perpetrators would then proceed to withdraw money from the victim’s bank account.
Motube also revealed that they are also investigating a case in which a 69 year old Motswana woman from Molepolole- who is a victim of the scam- lost over P62 000 last week Friday to the said perpetrators.
“The Criminal syndicate introduced themselves as CID officers investigating a case of robbery where a man accompanying the woman was the suspect.’’
They subsequently went to the woman’s place and took cash amounting to over P12 000 and further swindled amount of P50 000 from the woman’s bank account under the pretext of the further investigations.
In addition, Motube said they are currently investigating the matter and therefore warned the public to be vigilant of such characters and further reminds the public that no police officer would ask for bank cards and PINs during the investigations.
Botswana Congress Party (BCP) leadership walked out of Umbrella for Democratic Change (UDC) National Executive Committee (NEC) meeting this week on account of being targeted by other cooperating partners.
UDC meet for the first time since 2020 after previous futile attempts, but the meeting turned into a circus after other members of the executive pushed for BCP to explain its role in media statements that disparate either UDC and/or contracting parties.
The Director General of the Directorate on Corruption and Economic Crimes (DCEC), Tymon Katlholo’s spirited fight against the contentious transfers of his management team has forced the Office of the President to rescind the controversial decision. However, some insiders suggest that the reversal of the transfers may have left some interested parties with bruised egos and nursing red wounds.
The transfers were seen by observers as a badly calculated move to emasculate the DCEC which is seen as defiant against certain objectionable objectives by certain law enforcement agencies – who are proven decisionists with very little regard for the law and principle.