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YOU ARE RESPONSIBLE FOR YOUR LIFE! ABSOLUTELY EVERYTHING

TEBOGO TOTENG
MoneyMind


Man must cease attributing his problems to his environment, and learn again to exercise his will – his personal responsibility.”
Albert Einstein


The most successful professionals and businessman are men and women who have taken complete responsibility for their lives. They have come to accept that their destiny is their responsibility. Every single person is a master and creator of the future because you make tomorrow by today’s action.

You can be very sure that what you doing today will influence tomorrow. Nothing is ever in vain. This is one of the greatest philosophies of success; you refuse at any given time to blame any other person for your lack of success.


If you adopt this philosophy you ingrain accountability and you cannot be accountable if you are not responsible. The biggest threat to your success is to think that someone else is responsible for your failure. This gives you a false sense of security; you remain where you are because you have a reason to justify your failure. One of the richest men in the world Bill Gates once said “it is not your problem to be born poor but it is you problem to die poor.


Famous rapper 50 cents echoes this when he say Get rich or die trying. Successful people remain indifferent to superficial factors, their lives rather revolves on the principle that they are responsible for their destiny. They rarely blame their parents, government or the economy because they believe that every situation is surmountable.


On the other hand unsuccessful people spend time finding reasons why things cannot be done because they are neither accountable nor responsible. Some of these people who believe that success is self-fulfilling are around us in fact I often get into heated arguments with my friends when I put it to them that whatever we are now we are totally responsible because it is a sum of our past decisions.


What is fascinating is that this can be changed by shifting our minds from the world of negative thought and trying to see positivity in challenges. This is a process not an event and to change your mindset might take months or possibly years but once you are on the other side success will follow.


Brian Tracy gives a very good example of the mentality of successful professionals. In one of his success audios Brian Tracy refers to a research that indicates ten percent of successful professionals believes they work themselves and are responsible for how much they earn even if they don’t sign their pay cheque. When they are given a responsibility they delve into it with astounding energy as if they are running their own institution. They are accountable for everything and never pass a buck.


Success mentor Michael Hyati in one of his articles says if you are not responsible then you are a victim.” In essence the moment you start blaming other people for your failure you become a victim at that particular moment because you are prophesying some element of inability to take control of the situation.


Stop blaming other people and circumstance and instead get out and create new circumstances. The average human being uses only 10% of their capability if you were to use a further 10% you will become extraordinary but you can only become extraordinary if you believe it is within you.

A famous saying stencils the fact that you cannot change the people around you but you can change yourself. You are responsible for your friends, your salary, your health and by all accounts what you have become today. Instead of thinking that people don’t understand you, try understanding them and try getting away from environments that are not in conformity with what you want.


Take responsibility from now on and get on the road to success.

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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Global CEOs Back Plan to Unlock $3.4 Trillion Potential of Africa Free Trade Area

23rd January 2023

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA).

AfCFTA: A New Era for Global Business and Investment in Africa outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in entering and expanding in this area.

The report aims to provide a pathway for global businesses and investors to understand the biggest trends, opportunities and strategies to successfully invest and achieve high returns in Africa, developing local, sub-regional and continental value chains and accelerating industrialization, all of which go hand in hand with the success of the AfCFTA.

The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, and boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.

To ease the pain of transition to its new single market, Africa has learned from trade liberalization in North America and Europe. “Our wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,” said Børge Brende, President, and World Economic Forum. “The Forum’s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.”

Given the continent’s historically low foreign direct investment relative to other regions, the report highlights the sense of excitement as the AfCFTA lowers or removes barriers to trade and competitiveness. “The promising gains from an integrated African market should be a signal to investors around the world that the continent is ripe for business creation, integration and expansion,” said Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum.

The report focuses on four key sectors that have a combined worth of $130 billion and represent high-potential opportunities for companies looking to invest in Africa: automotive; agriculture and agroprocessing; pharmaceuticals; and transport and logistics.

“Macro trends in the four key sectors and across Africa’s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,” said Wamkele Mene, Secretary-General, AfCFTA Secretariat.

“These projections reveal an unprecedented opportunity for local and global businesses to invest in African countries and play a vital role in the development of crucial local and regional value chains on the continent,” said Landry Signé, Executive Director and Professor, Thunderbird School of Global Management and Co-Chair, World Economic Forum Regional Action Group for Africa.

The Forum is actively working towards implementing trade and investment tools through initiatives, such as Friends of the Africa Continental Free Trade Area, to align with the negotiation process of the AfCFTA. It identifies areas where public-private collaboration can help reduce barriers and facilitate investment from international firms.

About the World Economic Forum Annual Meeting 2023

The World Economic Forum Annual Meeting 2023 convenes the world’s foremost leaders under the theme, Cooperation in a Fragmented World. It calls on world leaders to address immediate economic, energy and food crises while laying the groundwork for a more sustainable, resilient world. For further information,

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