Discover your inner self; find your purpose
TEBOGO TOTENG
MoneyMind
The greatest truth is that life should be a fruitful journey. God put you on earth so that you can enjoy life and equally He blessed you with so much talent that you can manoeuvre and overcome anything. He created man to be a master of all creatures here on Earth.
There is reason why God put man at the top of the list on the ecological system; He wanted you to be in control of your destiny. Happiness is out there He just wants you to find the purpose for which He created you and as a result open the door to abundance and fulfilment.
We are going to share practical ideas on transforming your life by becoming alive to the purpose of why you live. Because if you find your purpose you would have found the burning desire of your heart and you will summon all your energies and talents in pursuing that which you like.
This article will give you absorbing reasons why great men and women across the world commit and sacrifice everything for their burning desires. It will explain the mental thought of man like Nelson Mandela who with an opportunity of being freed chose captivity over freedom for a greater purpose.
If you find your purpose nothing even the greatest adversity will sway you away from going after what you cherish most. You find one thing that you would rather die than not do
If you are in pursuit of happiness, abundance and truly believe that life is a gift, and if you believe that money is not an evil but source of good, then finding purpose is the first major step to fulfilment.
There is no right time to start finding purpose, as you read through this article your heart is pumping and you are thinking what is my purpose? Every single person on this earth is looking for a happy life abundant with the riches of this world.
But finding this riches without purpose will not give everlasting fulfilment but the right order will be finding purpose and then your pursuit for life abundances become more purposeful.
If you do not find purpose then you will have no purpose. You will become aimless and wonder around the world without understanding what exactly you want to do. Circumstances will create you and you will become a product of the various forces marauding on Earth.
The difference is that when you have found purpose you are able to choose events and circumstances that are more aligned with your purpose. You try and shape tomorrow to be in line with what you truly desire.
Wanting and desiring are different. If you desire there is mixture of emotions and spirituality involved. Your instincts and conscience tells you immediately that this is what I truly desire.
Psychology scholar Susan Biali draws an inspirational summary of finding purpose “connecting with and living your purpose is a beautiful journey that typically unfolds in mysterious and surprising way…”
If you have not found your purpose then you must continually seek out in this intriguing journey of finding the inner self. When you have found your purpose it such an amazing feeling that it cannot be described succinctly by word but once discovered there is no need asking.
You become so happy about your newly found self that criticism become less persuasive because the conscience and the soul tells you it is the right thing to do.
We cannot all contribute at a higher level but we can make an impact in our own little corner. If thousands and thousands of people make impact in the little corners then effectively the whole world is covered.
The reason why we fail to find purpose is that society comes with a lot of prescriptions and expectation that forces us to adopt as our purpose that which is another man’s purpose.
You need to find your purpose because only then can you unlock your potential and leverage on your talents and abilities.
Finding abundance without purpose will only lead to a life without meaning. The primary duty of man is to find purpose; the purpose for which you were born. Mark Twain’s famous quote captures the issue of finding purpose, “the two most important days in your life is the day you were born and the day you find out why”
We are not talking religion in this article, there are so many men and women like Nelson Mandela whose religion was never in the fore but went on to achieve amazing things and we can only feel that there were God guided.
Finding purpose is the contact with spiritual self, a self-discovery of the greatest kind. When you have found purpose then you have found self. When you have found self you go through life with a glide because the destiny is now known.
This is not to say there will be no challenges, in fact challenges will be more but the determination of men and women who have found purpose is so much that nothing can virtually stop them. When you find purpose the spiritual, soul and physical being comes into sync.
You become complete and easily express your abilities and talents because your purpose corresponds with your abilities.
The issue of purpose is strongly linked to the issue of legacy. What memories will those around have about you? Certainly no one was born just to wait for the last day. During the time of your life you need to make an impact on Earth and create a legacy.
As you head into the New Year this is the greatest opportunity to look back and see if you have found purpose if you have not then this is the time.
Follow us on Facebook page@www.facebook.com/pages/Money-Mind/
Business
LLR transforms from Company to Group reporting
Botswana Stock Exchange listed diversified real estate company, Letlole La Rona Limited (“LLR” or “the Company” or “the Group”), posted its first set of group financial statements which comprise the Company and Group consolidated accounts, which show strong financial performance for the six months ended 31 December 2023, with improvements across all key metrics.
The Company commenced the financial year with the appointment of a Deputy Chairperson, Mr Mooketsi Maphane, in order to bolster its governance and enhance leadership continuity through the development of a Board and Executive Management Succession Plan.
At operational level, LLR increased its shareholding in Railpark Mall from 32.79% to 57.79% and proudly took over the management of this prime asset.
The CEO of LLR, Ms Kamogelo Mowaneng commented “During the period under review, our portfolio continued to perform strongly, with improvements across all key metrics as a result of our ongoing focus on portfolio growth and optimisation.
“We are pleased to report a successful first half of the 2024 financial year, where we managed to not only grow the portfolio through strategic acquisitions and value accretive refurbishments but also recycled capital through the disposal of Moedi House as well as the ongoing sale of section titles at Red Square Apartments. The acquisition of an additional 25% stake in JTTM Properties significantly uplifted the value of our investment portfolio to P2.0 billion at a Group level. Our investment portfolio was further differentiated by the quality of our tenant base, as demonstrated by above market occupancy levels of 99.15% and strong collections of above 100% for the period”.
The growth in contractual revenue of 9% from the prior year’s P48.0 million to the current year P52.2 million, increased income from Railpark Mall, coupled with high collection rates, has enabled the company to declare a distribution of 9.11 thebe per linked unit, which is in line with the prior year.
In line with its strategic pillars of ‘Streamlined and Expanded Botswana Portfolio’ as well as ‘Quality African Assets’, the Group continuously monitors the performance of its investments to ensure that they meet the targeted returns.
“The Group continues to explore yield accretive opportunities for balance sheet growth and funding options that can be deployed to finance that growth” further commented the CEO of LLR Ms Kamogelo Mowaneng.
Ms Mowaneng further thanked the Group’s stakeholders for their continued support and stated that they look forward to unlocking further value in the Group.
Business
Botswana’s Electricity Generation Dips 26.4%
The Botswana Power Corporation (BPC) has reported a significant decrease in electricity generation for the fourth quarter of 2023, with output plummeting by 26.4%. This decline is primarily attributed to operational difficulties at the Morupule B power plant, as per the latest Botswana Index of Electricity Generation (IEG) released recently.
Local electricity production saw a drastic reduction, falling from 889,535 MWH in the third quarter of 2023 to 654,312 MWH in the period under review. This substantial decrease is largely due to the operational challenges at the Morupule B power plant. Consequently, the need for imported electricity surged by 35.6% (136,243 MWH) from 382,426 MWH in the third quarter to 518,669 MWH in the fourth quarter. This increase was necessitated by the need to compensate for the shortfall in locally generated electricity.
Zambia Electricity Supply Corporation Limited (ZESCO) was the principal supplier of imported electricity, accounting for 43.1% of total electricity imports during the fourth quarter of 2023. Eskom followed with 21.8%, while the remaining 12.1, 10.3, 8.6, and 4.2% were sourced from Electricidade de Mozambique (EDM), Southern African Power Pool (SAPP), Nampower, and Cross-border electricity markets, respectively. Cross-border electricity markets involve the supply of electricity to towns and villages along the border from neighboring countries such as Namibia and Zambia.
Distributed electricity exhibited a decrease of 7.8% (98,980 MWH), dropping from 1,271,961 MWH in the third quarter of 2023 to 1,172,981 MWH in the review quarter.
Electricity generated locally contributed 55.8% to the electricity distributed during the fourth quarter of 2023, a decrease from the 74.5% contribution in the same quarter of the previous year. This signifies a decrease of 18.7 percentage points. The quarter-on-quarter comparison shows that the contribution of locally generated electricity to the distributed electricity fell by 14.2 percentage points, from 69.9% in the third quarter of 2023 to 55.8% in the fourth quarter. The Morupule A and B power stations accounted for 90.4% of the electricity generated during the fourth quarter of 2023, while Matshelagabedi and Orapa emergency power plants contributed the remaining 5.9 and 3.7% respectively.
The year-on-year analysis reveals some improvement in local electricity generation. The year-on-year perspective shows that the amount of distributed electricity increased by 8.2% (88,781 MWH), from 1,084,200 MWH in the fourth quarter of 2022 to 1,172,981 MWH in the current quarter. The trend of the Index of Electricity Generation from the first quarter of 2013 to the fourth quarter of 2023 indicates an improvement in local electricity generation, despite fluctuations.
The year-on-year analysis also reveals a downward trend in the physical volume of imported electricity. The trend in the physical volume of imported electricity from the first quarter of 2013 to the fourth quarter of 2023 shows a downward trend, indicating the country’s continued effort to generate adequate electricity to meet domestic demand, has led to the decreased reliance on electricity imports.
In response to the need to increase local generation and reduce power imports, the government has initiated a new National Energy Policy. This policy is aimed at guiding the management and development of Botswana’s energy sector and encouraging investment in new and renewable energy. In the policy document, Minister of Mineral Resources, Green Technology and Energy Security Lefoko Moagi stated that the policy aims to transform Botswana from being a net energy importer to a self-sufficient nation with surplus energy for export into the region. Moagi expressed confidence that Botswana has the potential to achieve self-sufficiency in electric power supply, given the country’s readily available energy resources such as coal and renewable sources.
Business
MMG acquires Khoemacau in a transaction valued at P23Bn
MMG Limited, the Hong Kong-based mining company specializing in base metals, has successfully concluded the acquisition of Khoemacau Copper Mine, a state-of-the-art, world-class copper asset nestled in the northwest of Botswana.
On Monday, MMG announced that the acquisition of Khoemacau Mine in Botswana was finalized on 22nd March 2024. “This acquisition enriches the company’s portfolio with a top-tier, transformative growth project and signifies a monumental milestone in the Company’s journey,” MMG communicated in an official statement published on the Hong Kong Stock Exchange.
Upon completion of the acquisition, MMG remitted to the Sellers an Aggregate Consideration of approximately US$1,734,657,000 (over P23 billion), a sum subject to potential adjustments post-Completion.
In addition to the Aggregate Consideration, MMG, in accordance with the Agreement, advanced an aggregate amount of approximately US$348,580,000 (over P4.5 billion) as the Aggregate Debt Settlement Amount, to settle certain debt balances of the Target Group (Cuprous Capital/Khoemacau).
On November 21, 2023, Khoemacau announced that the shareholders of its parent company [Cuprous Capital] had agreed to sell 100% of their interests to MMG Limited.
MMG is a global resources company that mines, explores, and develops copper and other base metals projects on four continents. The company is headquartered in Melbourne, Australia, and has a significant shareholder, China Minmetals Corporation, which is China’s largest metals and minerals group owned by the Government of the People’s Republic of China.
On December 22, 2023, Khoemacau Copper Mining (Pty) Ltd received the approval from the Minister of Minerals and Energy of Botswana regarding the transfer of a controlling interest in the Project Licenses and Prospecting Licenses associated with the Khoemacau Copper Mine, a result of the Acquisition.
The Botswana Competition & Consumer Authority (CCA) on January 29, 2024, notified the market that it had given its approval for the takeover of Khoemacau Copper Mining by MMG Limited.
On January 29, 2024, the CCA issued a merger decision to the market, stating that after conducting all necessary assessments, it was ready to proceed.
The Competition Authority affirmed that the structure of the relevant market would not significantly change upon implementation of the proposed merger as the proposed transaction is not likely to result in a substantial lessening of competition, nor endanger the continuity of service in the market of mining of copper and silver ores and the production, and sale or supply of copper concentrate in Botswana.
Furthermore, the CCA stated that the proposed merger would not have any negative impact on public interest matters in Botswana as per the provisions of section 52(2) of the Competition Act 2018.
Earlier this month, Minister of Minerals & Energy, Lefoko Maxwell Moagi, informed parliament that his Ministry was endorsing the Khoemacau acquisition by MMG Limited. He noted that not only was the company acquiring the existing operation but also committing to an expansion program that would cost over $700 million to double production, create more jobs for Batswana, and increase taxes and royalties paid to the Government.