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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The Botswana Public Officers Fund (BPOPF) is now mandated by law to have pension fund administration and investment management conducted by independent licensed entities.
This means that these functions must be fully outsourced. This became necessary due to the enacting by Parliament of the Retirement Funds Act in 2014 (RFA Act) and the promulgation of subsidiary legislation governing the RFA Act by the Non-Bank Financial Institutions Regulatory Authority (NBIFIRA).
Therefore, the outsourcing project name coded Gata Le Rona journey comes to completion as the BPOPF hands over fund administration outsourcing services to NMG Administrators Botswana. NMG Administrators Botswana will be collecting contributions on behalf of the BPOPF, maintain all Member records, payment of claims, permit any excess cash to the BPOPF for investment and manage pensioner payroll. The BPOPF remains committed to building brighter futures together.
Following a significant 19-month long transition journey, the Botswana Public Officers Pension Fund (BPOPF), officially handed over fund administration services to NMG Administrators Botswana, as the outsourcing project comes to fruition. The project, which began in October 2019, commenced following amendments to the Retirement Funds Act (Section 15 (i).
Effective 2 June 2021, NMG Administrators Botswana will collect contributions on behalf of the BPOPF, maintain all Member records, payment of claims, permit any excess cash to the BPOPF for investment and manage pensioner payroll.
Noted CEO of the BPOPF, Mr. Moemedi Malindah, “This is a large-scale project and one we are proud to say was managed with the utmost diligence, with our Members at heart in all that we did and indeed continue to do. The BPOPF continues to engage all key stakeholders to ensure this transition is a smooth one.
Members can be rest assured that their pensions and benefits are not affected as NMG Administrators Botswana takes over the day-to-day fund administration tasks. This is a bright new chapter and we are more than ready and confident in the future.”
NMG Administrators Botswana is a joint venture between Lecha Administration (a company owned 100% by the BPOPF) and NMG South Africa. Lecha Administration owns 51% shares and NMG South Africa owns 49% shares in NMG Administrators Botswana.
“Re a leboga, Batswana, for your patience and support; especially our valued Members. We remain committed to investing in your golden years and building a brighter future together,” concluded Malindah.