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The need for good corporate governance and strong leadership during crises

Although it is not a direct financial tool, good corporate governance has shown to be a driver for a successful business.

It is a critical component in a business’ toolkit in building a foundation of trust, integrity, and accountability between the entity and its key stakeholders. Good corporate governance reveals the entity’s ability to operate as a sustainable business, and what better time to be of this standing as a business than during a crisis.

Research shows that more than 84% of global institutional investors are willing to pay a premium for shares of a well-governed company, in comparison to a poorly governed business with a similar financial record. This is because investors highly value the protection of their reputation, as well as that of their hard earned money.

Also equally important in a business, is strong leadership. The COVID-19 pandemic has threatened not only the lives of people, it has also brought about chaos and uncertainty in the livelihoods of many more. It has been the case the world over, that lockdown has resulted in stagnated economic activity, ensuing business and supply chain disruptions and consequentially, job losses.

Strong leadership is vital to the sustainability of any organisation, but more especially during this pandemic. Leadership that is willing to, and has the ability to adapt to the ever-evolving conditions of the market and assist in better managing risks.

In the current market conditions brought about by COVID-19, leadership teams should re-evaluate their existing risk management measures, develop the necessary policies, and be willing to take timely and decisive action, to adapt to the market and survive.

The actions taken during this time will determine the public perception of the company in the future. Explicit, decisive action in a time of crisis, shows that capable, forward-thinking leaders run the organisation, and these are the attributes that investors look for.

The financial services sector has continued to provide inventive solutions by taking charge and leading customers on to the path of the Fourth Industrial Revolution (4IR) by making products and services which utilize numerous technologies. It is only with robust leadership and decisive action that there can be change that will drive innovation and ensure growth in the new post-pandemic environment.

To fulfil the role of contributing to rebuilding Botswana’s economy, we all need to be willing to get out of our comfort zone and look at the world with renewed vigour. We should participate in proactive engagements to combat this climate of uncertainty and elevate Botswana. Let us continue to support SMEs.

Legal and Compliance Department, BancABC

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Corporate

BOCRA Hosts Virtual Workshop on Waste from Electrical and Electronic Equipment (WEEE)

3rd June 2021

On 26 – 29 May 2021, BOCRA, in collaboration with the International Telecommunication Union (ITU) and United Nations University, hosted a virtual workshop on Waste from Electrical and Electronic Equipment (WEEE).

Bringing together Statistics Botswana, Botswana Unified Revenue Service (BURS) and the Department of Waste Management and Pollution Control, the objective of the workshop was to equip Botswana with tools to record incoming electrical and electronic goods to better estimate the quantities of electronic waste that will be produced when these products reach their end-of-life cycle and become e-waste. Botswana, currently, does not have a legislation to address to the issue of e-waste.

Further notes

E-waste is a health and environmental hazard as products containing toxic additives or hazardous substances are mostly dumped or incinerated rather than being collected for treatment and re-use of recoverable substances. This is especially so among most of the developing countries.

E-waste includes discarded household or business items that have electrical and electronic circuitry components with a power or battery supply such as mobile phones, computers, printers, televisions irons, refrigerators, kettles etc.

The Global E-Waste Monitor 2020 report estimates that 53.6 million metric (Mt) tonnes was generated in 2019, making e-waste the fastest growing domestic waste stream. The report also indicates that only 17.4 percent of the 2019 e-waste was collected and recycled.

The ITU estimates that e-waste quantities have been rising rapidly in the past 5 years due to several factor such as rapid growth of the digital society, higher consumer demand for digital devices, short life cycles and few options for repair.

According to the ITU, e-waste is a challenge and an opportunity. The ITU calls on member states to develop legislations and strong partnerships with industry and businesses to protect human health and the environment from the consequences of inadequate handling of our discarded devices.

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Corporate

Modipane brickmaker gets boost from PPC Botswana

20th May 2021
modipane

Modipane based brickmaking company Katlego Bricks received a brand new stock brick machine and mentorship from leading cement producer PPC Botswana this past Wednesday.

“Community development is important because it provides the foundation a society builds off of to improve the lives of its citizens. It creates strong, diverse communities that can attract and keep talent, start and grow businesses, and overcome issues that arise. Katlego Bricks has been a loyal PPC Cement consumer in the Mmodipane area.

What is more impressive is that this brick yard is led and managed by a lady who understands the craft of brick making so much,” said PPC Botswana Head of Business Unit Tuelo Bolthole.

The arrival of the new brick-making machine is expected to increase productivity at the Modipane based Katlego Bricks which has been using 25 cement bags in a day and will be expected to use at least 40 bags in a day due to the new machine.

During the brick-making machine handover, Katlego Bricks and Modipane residents were also equipped with highly advanced brickmaking skills by PPC Botswana experts. Through this highly advanced mentorship, the trainees are also expected to start producing high-quality and competitive bricks.

“We have brought highly skilled experts that will be drilling you with the latest skills of molding bricks, these are experts that have worked on some of the best projects in Botswana. Remember PPC Botswana cement has also been used to build some of the iconic structures we have in Botswana such as the iTowers, Dikgatlhong dam, and the Obed Itani Chilume Stadium in Francistown. I am giving these examples to show that PPC Botswana does quality work and after this workshop, all the brickmakers involved will be producing high-quality work too,” Botlhole said.

Katlego bricks founder Patricia Katlego Mokgwa was in a jovial mood after receiving the brickmaking machine. She believes that the mentorship and machine will improve the business operations and will improve productivity in her business.

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Corporate

BOCRA donates COVID19 essentials to Primary schools in Kweneng District

26th April 2021

Botswana Communications Regulatory Authority (BOCRA) through its Corporate Social Investment initiative has donated over Five Thousand Eight Hundred (5800) washable, reversible 3-ply face masks and related COVID-19 essentials to Motswakhumo Junior Secondary School in Lentsweletau, Kopong Junior Secondary School and Letsholo Primary schools in Kopong, in the Kweneng district. The respective schools received two (2) face masks for each pupil, teacher and the rest of the staff; 25 litres of sanitiser and dispensers, all at an estimated cost of One Hundred and Eighty Nine Thousand Pula (P189,000).

Ms Tsaone Ruth Thebe, BOCRA Board Chairperson, officiated at each of the handover sessions held at the respective schools. Representing the Mmopane/Lentsweletau Constituency Office was Mr Masego Thantshane, Administration officer. Mr Puso Gaotlhobogwe, District Commissioner (Molaodi) also graced the three occasions.

BOCRA recognises its role as a corporate citizen and believes that the COVID19 pandemic calls for responsive and relevant inputs to the immediate needs of the community.

In receiving the PPEs, school authorities expressed gratitude to BOCRA, noting the dire need for PPEs in their schools. They all echoed that the gesture would go a long way in filing the gaps.

-ENDS  –

For more information, please contact:

Mr Aaron Nyelesi

Director, Broadcasting and Corporate Communications

nyelesi@bocra.org.bw

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