6 Remarkable Ways of Winners
Business
Tebogo Toteng
MoneyMind
“Winning isn’t everything, but wanting to win is.”- Vince Lombardi
We go through life without a gameplan but expect to win. Winning is a mentality and it can be learned. Here are six MoneyMind characteristics to winning in all facets of life.
The bigger picture
A winner sees the forest and losers see trees; this analogy illustrates that winners are often looking and focussing at the bigger picture. They have a more long term view of their future than an average person. It clearly explains why they can wait for their investments and leverage on time. Time is one abundant resource that everyone has and that everyone can use. P100 invested monthly with an average of 10% interest compounded monthly can turn into millions of Pula over many years. An average person does not have the patience to leverage on time because they are not futuristic. This is often connected to fear of living a shorter life, fear of death, and it just never occurs to them that they may have a long and fruitful life. We are living in universe that exactly gives you what you want; if you want a shorter life you just tell the universe that, it will give you a shorter life but if you really want a great future and many grandchildren you tend to invest in the future. Winners have a vision and look at the longer term.
Failure
A salesman best friend is an objection because if you overcome the objection you can then go on to close the sale. Similarly a best friend to a winner is failure because they tend to see this as great lessons that they have gone through. They look at failure as temporary and not permanent and they pursue what they want with vigour and astounding persistence. Overcoming resistance and treading in grounds that have never been treaded before gives them absolute joy and the reason why successful people fail is that they are in the habit of trying new things. So if you don’t try anything you won’t fail but equally you won’t achieve anything. Success expert and author of many motivational books Brian Tracy attribute this to the law of probability. The more and more you try the more likely that you will find success, makes sense doesn’t it? People who label you a failure are the very same people who will hail your success however the winners reaction is indifference to misconstrued societal labels.
Winners surround themselves with other winners
The fundamental mentality of losers is that they are better than anyone but winners surround themselves with smart people. They get the smartest accountants, real estate advisors, bankers and financial advisors. They often say if you the smartest guy in the room then you are probably in the wrong room and need to move elsewhere. An entrepreneur will love to see his business filled with people who are winners. Success to winners comes naturally and if you surround yourself with winners then you have time to think about where to set the next shop. This is so because winners are results focussed and people who fail are process focussed.
Ownership
Ownership breeds accountability and the biggest mistake that people who are not winners make is to think they are working for someone. Winners always see themselves as leaders of their departments or divisions and consider themselves as presidents of their companies no matter who pays their salary. One of the founding tenets of winners is complete ownership of whatever they are doing. They execute themselves in the same fashion they would if they were owning their companies. In the process they make sacrifices on behalf of others and take great pride in winning and being ahead. Guess what? This prepares them and eventually when they become their own bosses they know exactly what to do. On the other hand people who fail want to learn the right habits if they have direct benefits and more often than not they fail anyway.
Positivity
Winners are positive and radiate that positivity to everyone they come into contact with. They have great hopes and aspirations for the future. Because of their positive mental attitude when they meet challenges they tend to look for the silver lining, they look for the opportunity that comes misguided as misfortune. The positivity is in their language and they avoid negative word such as I can’t and always get around to seeing thing on the lighter side. They are great motivators and are always on the move and use their spare time to further their dreams
Self-belief
Often this is misconstrued as arrogance but winners believe in themselves. They believe that they were created for a purpose and are very daring and undaunted once they are in the winners track. More often winners who have taken time fighting for their desires when they finally achieve they break down in tears of joy because their self-belief would have finally paid off. The same applies in entrepreneurship, entrepreneurs believe in their vision and ideas and nothing and nobody can stop their beliefs because they have confidence in themselves.
Adopt the winners mentality and pursue your dreams
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Business
Grit divests from Letlole La Rona
Grit Services Limited, a member of the pan African real estate group, London Stock Exchange listed Grit Real Estate Income Group is divesting from Letlole La Rona Limited (LLR), a local real estate company established by government investment arm Botswana Development Corporation over a decade ago.
The Board of Directors of Letlole La Rona Limited this week announced in a statement to Unitholders that Grit Services Limited (‘Grit’) has informed them of its intention to exit its investment in the company.
Grit has been a material shareholder in LLR since 2019. On 07 March 2023, Grit sold 6 421 000 linked units, representing 2.29% of the Company’s total securities in issue, at a market value of BWP 22 537 710.
This trade follows previous sales of 6.79% in December 2022, as communicated to Unitholders on 10 January 2023, as well as a further sale of 4.78% (representing 13 347 068 linked units) on 24 February 2023 to various shareholders.
In aggregate, Grit has sold 13.9% shareholding in the Letlole La Rona between December 2022 and March 2023, resulting in current shareholding of 11.25% in the Company.
Letlole La Rona said in the statement that the exit process will take place in an orderly manner so as to maintain stability of the Company’s share price.
The statement explained that Grit’s sale of its entire shareholding in LLR is in line with its decision to exit investments where it does not have majority control, or where it has significant exposure to currencies other than US dollar, Euro or hard-currency-pegged revenue streams.
“Grit has announced similar decisions pertaining to certain of its hospitality assets in Mauritius recently. The Company would like to advise Unitholders that it remains focused on long-term value delivery to all stakeholders” LLR said
In July last year as part of their Go-to-Africa strategy Letlole La Rona acquired an initial 30% equity stake in Orbit Africa Logistics, with an option to increase this investment to 50%. OAL is a special purpose vehicle incorporated in Mauritius, owning an industrial asset in a prime industrial node in Nairobi, Kenya.
The co-investment was done alongside a wholly owned subsidiary of London listed Grit. The Orbit facility is situated on a prime industrial site on Mombasa Road, the principal route south of Nairobi center, serving the main industrial node, the port of Mombasa and the industrial town of Athi River and is strategically located 11 kilometers south of the international airport and 9.6 kilometers from the Inland Container Depot.
Grit shareholding in Letlole La Rona was seen as strategic for LLR, for the company to leverage on Grit’s already existing continental presence and expand its wings beyond Botswana borders as already delivered by Kenya transaction.
Media reports have however suggested that LLR and Grit have since late last year had fundamental disagreements on how to go about the Go-to-Africa strategy amongst other things, fuelled by alleged Botswana government interference on the affairs of LLR.
Government through LLR founding shareholder – Botswana Development Corporation has a controlling stake of around 40 percent in the company. Government is the sole shareholder of Botswana Development Corporation.
Letlole La Rona recently released their financial results for the six months ended December 2022, revenue increased by 4% to P50.2 million from P48.4 million in the prior comparative six months, whilst operating profit was up 8% to P36.5 million. Profit before tax of P49.7 million was reported, an increase of 8% on the prior comparative six months.
“We are encouraged by the strong results, notwithstanding a challenging economic environment. Our performance was mainly underpinned by annual lease escalations, our quality tenant base and below average market vacancy levels, especially in our warehouse portfolio,” Kamogelo Mowaneng, Letlole La Rona Chief Executive Officer commented.
LLR reported a weighted average lease expiry period of 3.3 years and escalation rates averaging 6.8% per annum for the period ended 31 December 2022.Its investment portfolio value increased by 14% year-on-year to close the period at P1.4 billion, mainly driven by the acquisition of a 30% stake in OAL in July 2022.
The Company also recorded a significant increase in other income, predominantly due to foreign exchange gains on the OAL shareholder loan. “We continue to explore pipeline opportunities locally, and regionally in line with our Go-to-Africa strategy and our interest remains on value-accretive investments,” Mowaneng said.
An interim distribution of 9.11 thebe per linked unit was declared on the 6th of February 2023 for the half-year period to 31 December 2022, comprising of a dividend of 0.05 thebe and debenture interest of 9.06 thebe per linked unit which will be paid to linked unit holders registered in the books of the Company at the close of business on 24 February 2023.
Business
Stargems Group establishes Training Center in BW
Internationally-acclaimed diamond manufacturing company StarGems Group has established the Stargems Diamond Training Center which will be providing specialized training in diamond manufacturing and evaluation.
The Stargems Diamond Training Institute is located at the Stargems Group Botswana Unit in Gaborone.
“In accordance with the National Human Resource Development Strategy (NHRDS) which holds the principle that through education and skills development as well as the strategic alignment between national ambitions and individual capabilities, Botswana will become a prosperous, productive and innovative nation due to the quality and efficacy of its citizenry. The Training Centre will provide a range of modules in theory and in practice; from rough diamond evaluation to diamond grading and polishing for Batswana, at no cost for eight weeks. The internationally- recognized certificate offered in partnership with Harry Oppenheimer Diamond Training School presents invaluable opportunities for Batswana to access in the diamond industry locally and internationally. The initiative is an extension of our Corporate Social Investment to the community in which we operate,” said Vishal Shah, Stargems Group Managing Director, during the launch of the Stargems Diamond Training Center.
In order to participate in this rare opportunity, interested candidates are invited to submit a police clearance certificate and a BGCSE certificate only to the Stargems offices. Students who excel in these programs will have the chance to be onboarded by the Stargems Group. This serves as motivation for them to go through this training with a high level of seriousness.
“Community empowerment is one of our CSR principles. We believe that businesses can only thrive when their communities are well taken of. We are hoping that our presence will be impactful to various communities and economies. In the six countries that we are operating in, we have contributed through dedicating 10% of our revenues during COVID-19 to facilitate education, donating to hospitals and also to NGOs committed to supporting women and children living with HIV. One key issue that we are targeting in Botswana is the rate of unemployment amongst the youth. We are looking forward to working closely with the government and other relevant authorities to curb unemployment,” said Shah.
Currently, Stargems Group has employed 117 Batswana and they are looking forward to growing the numbers to 500 as the company grows. Majority of the employees will be graduates from the Stargems Diamond Training Center. This initiation has been received with open arms by the general public and stakeholders. During the launch, the Minister of Minerals and Energy, Honorable Lefoko Moagi, stated that the ministry fully endorses Stargems Diamond Training and will work closely with the Group to support and grow the initiative.
“As a ministry, we see this as an game changer that is aligned with one of the United Nations’ Six Priority Sustainable Development Goals, which is to Advance Opportunity and Impact for Diversity, Equity, and Inclusion (DEI). What Stargems Group is launching today will have a huge impact on the creation of employment in Botswana. An economy’s productivity rises as the number of educated workers increases as its skilled workmanship increases. It is not a secret that low skills perpetuate poverty and widen the inequality gap, therefore the development of skills has the potential to contribute significantly to structural transformation and economic growth by enhancing employability and helping the country become more competitive. We are grateful to see the emergence of industry players such as Stargems Group who have strived to create such opportunities that mitigate the negative effects of COVID-19 on the economy,” said the Minister of Minerals and Energy.
Business
Food import bill slightly declines
The latest figures released by Statistics Botswana this week shows that food import bill for Botswana slightly declined from around P1.1 billion in November 2022 to around P981 million in December during the same year.
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