Strides Magazine-Botswana

FOCUS ON POSSIBILITY ISSUE 8 FEBRUARY 2021

Change is part of Leadership:

Reinette van der Merwe

9 Optimal ways to boost your Immune System

Hollard:

Nurturing ‘BETTER’ futures

Dr. Tshokologo A. Kganetsano elevated to BOB Deputy Governor

Stanbic Bank AcceleR8 fueling entrepreneurial innovations

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Stanbic

CONTENTS Stanbic Bank AcceleR8 a dynamic platform to fuel entrepreneurial innovations and ideation

FEB 2021

ISSUE8 VOL 3 8

14

14

Letshego Namibia and ‘These Hands’ Partners to deliver innovative solutions to Ongenga rural communities 12 Hollard: Empowering Project124 to soar across borders, nurturing ‘BETTER’ futures 16

12

Change is part of Leadership: First Capital Bank CEO, Reinette van der Merwe 18 Dr Tshokologo Alex Kganetsano appointed Deputy Governor of the Bank of Botswana

20

2021: The year to stay safe and vigilant

22

9 Optimal ways to boost your Immune System

24

19 28

Leadership lessons from combi drivers part 2 26 The EntrepreneurApp – YOU are your business!

28

AFCFTA: An opportunity for Botswana’s diversification drive

29

PPPs to aide government in infrastructure development 30

16 24 19

Financial goal setting during the 2nd wave of Covid -19 33

26 30

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PUBLISHED BY Strides Publications (Pty) Ltd EDITOR Ephraim Banda WRITERS Wame Mhlanga Henry David contributors Aobakwe K. Sentle Dr. Wilbert Mutoko Tumelo Sejo Boitumelo MARKETING & ADVERTISING sstridemagazine @gmail.com CONTACTS +267 73319723 +267 77625030 DESIGN/LAYOUT Jon +267 71362491

All information is supplied without liability. Although the publisher has taken all precautions to ensure that the information is correct at the time of publication, the publisher and their agents do not accept any liability, direct or indirect, for material contained in this publication.

No part of this publication may be reproduced in any form or by any means without prior written permission of the copyright owners.

from the editor

Adapt to survive and succeed in the New Normal

I

am humbled to present to you this issue at a time when the odds are seemingly against us in one way or another, especially due to the effects and impact of the Covid-19 pandemic. Nonetheless, I am of the confidence that this also will pass.

I believe.

Over the past year, we have visualised and talked about things returning to normal or what they used to be.

Interestingly, at the same time, we have also come to grips with the term ‘New Normal.’

While anticipating things to be as they were; there is an acceptance of change or simply put, transition from the old to something different. Yes, the pandemic will eventually be defeated but we are unlikely going to return to the life we were used to prior to the outbreak of the Covid -19 pandemic. Let’s face it, change is here and the only thing we can do is to adapt and move on.

We need to adapt to the use of technology which has developed at a rapid pace partly due to the pandemic. For instance, some online applications which were thought to be applicable for social purposes only, have become formidable business channels.

To facilitate business continuity as people are working remotely, there has been a rising demand for flexible internet services. More people are using internet at

home and getting things done.

Since people are working from home, the demand for delivery services has also increased bringing along with it an increase of cashless payments. All these and many more are pointers that change is here and we need to be flexible, adapt and succeed in the new normal. You can’t too be rigid.

It is important now to focus on the possibilities, the opportunities, dare to believe and act boldly. At the end of the day, those who choose to adapt will rise to testify as our friends at Stanbic Bank say, “IT CAN BE.” Please enjoy your magazine and be inspired to look for opportunities availed to us in the new normal. Be energized, take action, make daring and bold moves; make creative transition recognizing the normal we used to know may have just come to an end.

As always, remember to Focus on Possibility.

Ephraim Banda

FOCUS ON pOSSIBIL ITY ISSUE 3 SEPTEMBER/OCTOBE R 2019

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COVER STORY

Larona Makgoeng

Stanbic Bank AcceleR8 a dynamic platform to fuel entrepreneurial innovations and ideation By: Henry David

E

stablished on the premise of Stanbic Bank’s Social Economic and Environmental (SEE) Value Drivers, AcceleR8 space has since inception taken vital strides as a dynamic platform to drive entrepreneurial innovations and ideation. Through this platform, the Strides Magazine

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February 2021

bank has endeavored to provide the essential motivation and infrastructure to enable entrepreneurs as well as advance youth employability.

At the helm of this dynamic platform is Larona Makgoeng; and recently, Strides had a chat with him to garner some insights on the bank’s overarching aspirations and inspirations as regards AcceleR8.

The AcceleR8 model allows us to engage experienced people to impart knowledge and strategic assistance to the companies at the incubator. These partners understand where the opportunities are -Makgoeng Makgoeng says AcceleR8 is a futuristic, progressive, collaborative and co-creation space with the objective of providing sustainable solutions to the challenge of unemployment through entrepreneurship.

“At AcceleR8, we help different companies that require services across the board. We will soon enable entrepreneurs navigate the business ecosystem through coaching, mentorship, advisory on access to markets and access to funding shoes programing is nearing completion, “says Makgoeng, adding, “It is a space for networking, cross coordinating ideas and co-creation for problem solving. We enable enterprises start operations, navigate working capital issues, workspace and provide Internet connectivity. We give them a platform to start and survive.”

To supplement the expertise of Stanbic staff, Makgoeng says AcceleR8 engages and continues to court strategic partnerships with government and other private entities whose mandate(s) happens to be in sync with that of AcceleR8.

“The AcceleR8 model allows us to engage experienced people to impart knowledge and strategic assistance to the companies at the incubator.

These partners understand where the opportunities are. For instance, when it comes scoping of opportunities, we have a partnership with Statistics Botswana. They understand where the gaps are in the market, which sectors

needs an investor and how we can make good use of such opportunities leveraging on the data that they own.

We also work with UNDP, the likes of BITC and LEA with a focus on creating access to markets opportunities, all these are new relationships whose objectives align around solutioning for the problems that we face collectively” said Makgoeng.

Due to the diverse and unique needs of businesses to assert themselves in the market, the bank has not capped incubation time frames.

Creativity follows no timeframes and it is up to the entrepreneurs to determine the place possibly being a 24-hour operation center if they wish.

To encourage wider participation, the space, is currently housing max around 20 businesses owing to adherence Covid-19 protocols, otherwise prior to the health crisis the space was designed to host well over 50 people at a given time. The place does not have specific industry limitations or focus. However, Makgoeng makes it clear that the bank looks for the participation of individuals who are determined and committed to deliver on their value propositions.

“We have an open policy, we have tried not to make this place bureaucratic and removed any form of red tape. It’s free come in free walk out. You just need to have something viable that can create impact. Something that can change your fortunes and of other people Strides Magazine

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February 2021

when you solve a specific problem.

We need people who are first and foremost, committed; people who are not going to look for excuses, people who will do their utmost best to deliver on their ambitions and goals,” said Makgoeng.

Makgoeng said due to its rough nature, entrepreneurships demand a mindset shift to produce results and attain success.

“Entrepreneurship is rough: It requires grit and passion. It requires a great deal of resilience.

The individual must be self-driven as there are no external entities that can prepare anyone to succeed in business other than the individual himself. One must be prepared to ride the storm and overcome it,” says Makgoeng.

Looking to the future, Makgoeng says the mandate of AccelR8 need not change but become much bolder and gain momentum in providing innovative solutions on the premise of entrepreneurship and employability to Botswana’s bulging youth population.

Located in Gaborone, Accelr8 space has been instrumental in youth empowerment in Botswana.

Among other things, it has hosted events like the launch of Kagiso Madibana’s book, ‘Queen of Mayhem’ and Project 124 2020 Pitch Session in collaboration with Hollard and Launchit, Angel Investor Network and many others.

The Ghodrati Foundation is a private, not-for-profit organization with a vision to contribute to the socio-economic development of Botswana. The organization is determined to fund charitable causes in addition to launching special programs designed to promote and avail opportunities in education.

The flagship initiative of the organization is the Ghodrati Foundation Scholarship. This is a partnership with New Era College of Arts Science and Technology, which seeks to provide financial aid to students who did not obtain enough points when sitting for their BGCSE exams to earn a Botswana Government scholarship, but who also show a strong capability in science and mathematics, creative arts and sports.

The foundation is built around the core value that everyone deserves a chance at education and to date it has helped change the lives of over two dozen students, some of which managed to qualify for a Botswana Government scholarship in their second year, after proving their academic diligence. The Foundation aims to become a bridgeway to help previously disadvantaged students attain their dream of becoming high achievers with Engineering qualifications.

VISION The Ghodrati Foundation aims to develop socially just and economically prosperous communities by unlocking the intellectual and creative potential of the citizens of Botswana.

MISSION The Ghodrati Foundation will create opportunities by providing a platform that will nourish and empower excellence in the arts, academia, and athleticism through responsible, resourceful, and equitable solutions.

VALUES People Diversity Empowerment Equity Service Integrity Independence

For more information on how to apply for the Ghodrati Foundation Scholarship Contact: (+267) 73933533 scholarship@neweracollege.ac.bw

ENTREPRENEURSHIP DEVELOPMENT

Group photo of the Team in Ongenga Namibia

Letshego Namibia and ‘These Hands’ Partners to deliver innovative solutions to Ongenga rural communities

L

etshego Namibia has partnered with These Hands; a global social enterprise start-up based in Botswana to train and mentor youth innovators to develop lowcost technologies to help local rural community members of Ongenga in Namibia to overcome daily challenges.

The rollout to Namibia is part of Letshego Group’s strategy to empower communities in the countries it

operates in. In Botswana, Letshego has successfully financed ‘These Hands with over P1.76 million to capitalise activities that facilitates training and mentoring of youth innovators who develop simple machinery to generate income directly for themselves, their families and members of their communities.

“These Hands Initiative is meant for our people in Ongenga to bring Strides Magazine

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February 2021

about innovation. Our objective is to help useful innovations get the funding, the mentorship and the financial support needed to help, not only the inventors, but also other members of the community who can also gain from local innovation. Letshego’s brand promise is to IMPROVE LIVES. We are sure that when this innovation center is launched, we will surely see the fruits in years to come and we thank

Letshego Namibia is enabling us to identify and support more innovators in our local communities. -Shikongo and Small Enterprises (MSEs). Young Entrepreneurs ready for scaling and in search of capital receive assistance through their networks and access to small pools of initial capital injection of closely monitored funding. Many of these entrepreneurs ultimately form teams and hire people, thus creating jobs not only for themselves but also for their communities.

“Letshego Namibia is enabling us to identify and support more innovators in our local communities.

Their support helps us to educate, increase local skills and provide growth opportunities for our young local entrepreneurs. We thank Letshego Namibia and its partners for working with us and ploughing back into our communities. We may not see the immediate impact that this center our town council for endorsing and partnering with us Innovation creates so many opportunities and unlocks so much potential in communities,” said Nakapipi Elise, Letshego Namibia’s Acting Regional Manager at the ground breaking ceremony.

When innovators use their technologies, they can save time, develop energy sources, save the environment and generate income. When entrepreneurs sell their technologies, they can create exponential results for themselves through their customers.

With expert training on entrepreneurship, creativity and innovation, These Hands participants go on to create Micro

These Hands Namibia ribbon cutting Strides Magazine

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February 2021

has to offer, but as a tree when a seed is planted generations to come will enjoy the fruits and shade it has to offer. In Ongenga, a community which is often not heard of or overlooked, we take pride that we are being considered towards gearing our citizens for new innovations to be birthed right here,” said Matthew Shikongo, Regional Councilor for Ongenga.

Since inception in 2015, ‘These Hands’ has set up 5 rural innovation centres in Botswana at Dkar, Dutlwe, Rakops, Kaputura and Lesoma, having trained 400 people in 8 rural communities. Namibia aims to follow similar examples, as the rest of Africa and These Hands will allow Ongenga to develop its community and stimulate the desire for innovation.

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ENTREPRENEURSHIP DEVELOPMENT

Deputy Chief of Missions US Embassy, Kali C Jones

Hollard Life Head of Distribution, Reason Nyamambi

Project124 Executive Programme Manager Goitsemang Khutsafalo

Minister of Trade and Industry, Hon. Peggy Serame

Hollard: Empowering Project124 to soar across borders, nurturing ‘BETTER’ futures By: Henry David

P

roject124 an Entrepreneurship program which is a brain child of Launchit International and powered

by Hollard Life has since inception in 2016 strived by taking notable milestones in building better youth entrepreneurs as well as enabling them to better their communities.

Anchored on ‘Building the economy, one business at a time,’ Project124, a carefully entrepreneurship development program has over the past four years positively impacted over 528 youths and their enterprises in Botswana.

Under its enterprising Executive Programme Manager, Goitsemang Khutsafalo, Launchit International is optimistic that the project is proactively generating sustainable jobs through projects that are adding value to various communities in Botswana.

After taking successful strides in Botswana in accelerating entrepreneurs towards better futures, the Launchit team and their stakeholders took a bigger step with the 2020 edition dubbed Project124 Season 5.0 by reaching out to participants from Zambia, Namibia,

Eswatini and south Africa.

Hollard life, which has played a significant role in the success story of Project124 says its thrilled by positive outcome of the youth entrepreneurship development program.

“Its great to see lives improve and that is why Hollard ensures that everything we do just do that. We do so much more than just insurance – we make a world of difference in the lives of the people around us. The key insight behind the campaign is that the things we do and the ways we do them enable more people to create and secure a better future”, says Hollard Life Head of Distribution, Reason Nyamambi, adding, “Ultimately, we want to demonstrate Hollard’s determination to building an organisation with a head and a heart, a company that actively seeks non-financial returns alongside monetary success and to do things differently in order to make a difference.

Through our words and actions, we aim to bring about positive systemic change and to enable better futures for all.”

Project124 2020 Highlights Strides Magazine

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The novel Covid-19 pandemic didn’t just affect every day life. It also changed how business is conducted across all industries. Notably, it has brought a slight tweak to how Project124 was done in 2020. Despite the many challenges on the entrepreneurship space, there are many other opportunities that Project124 is determined to capitalise in helping entrepreneurs to leverage for their growth, impact and profitability.

With an Impact & Content Driven Program, Project124 through its partners and several technologies readily connected participants from all the participating countries. The following are few highlights of the 2020 Project124 Season 5.0 which was scheduled for 10th August - 31st October 2020.

The 2020 Project124 Entrepreneurship Conference Due to the challenges and the opportunities posed by the novel Covid-19, the 2020 Project124 activities hosted in the 5 participating countries were both virtual and physical. These activities took into account and were fully compliant to the Cocid-19

commodities.

Graduation

After undergoing all the requisite steps of the project, the finalists were ready for graduation. The grand finale was held at Stanbic Bank AcceleR8 in Gaborone and officiated by the Deputy Chief of Missions of The US Embassy, Kali C. Jones. Participicants from the other countries joined in virtually.

The activities at the graduation included a keynote speech by an invited guest, a presentation by Hollard life, the Project124 Africa overview by Project 124 Executive Programme Manager, a panel discussion and pitches by the finalists.

Project124 2021

Accelerating entrepreneurs towards better futures

regulations in each country. The objective was to reach more participants with impactful knowledge, experience and opportunities to accelerate their efforts towards bettering futures.

The 2020 Project124 Entrepreneurship Conference themed “Accelerating Entrepreneurs Towards Better Futures” was a virtual event. It was held from Stanbic Bank AcceleR8 Incubator. As proof of the support the project has been receiving from the Botswana government over the years, the conference was officiated by the Minister of Investment Trade and Investment (MIT) Honourable Peggy Serame.

The conference brought together seasoned entrepreneurs and mentors from different backgrounds from Botswana and South Africa. These entrepreneurs spoke on dedicated topics designed to carry participants in conversation about becoming better entrepreneurs with impact.

Mentorship

Another exciting component of the 2020 Project124 was that the participant had access of top-notch, seasoned and experienced mentors

with combined experience of over 30 years in Business Leadership, Strategy and Profitability from all around the world. They included Hollard Managing Director Bilkiss Moorad and the head of Stanbic Bank AccelR8 incubator, Larona Makgoeng.

Training

The participants to the 2020 Project124 Africa went through rigorous training. The training which was physical as well as virtual focused on business related issued aimed at producing high growth entrepreneurs. The training is crafted to be 80% practical and 20% theory. All the activities during the training are designed to give the participants hands-on training and longlasting experiences.

Community outreach Responsibility)

(Social

As a result of the effects of the Covid-19 many families found themselves in need. In view of such a predicament, the 2020 Project 124 participants with Hollard reached out to the less privileged in the community.

Their support to the communities included with every day necessities like Mealie-meal, rice, soap, sugar and other Strides Magazine

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February 2021

According to Project124 Executive Programmes Manager Goitsemang Khutsafalo, Launchit International will be taking the 2021 project124 to Kenya, Rwanda, Uganda, Ethiopia and South Sudan.

In Botswana, Khutsafalo says work is in progress to open the Project124 Student Entrepreneurship Clubs in universities across the country. The objectives of these Entrepreneurship Clubs are; to ignite and fire up students to attempt entrepreneurial activities and consider entrepreneurship as serious career option, link the practical nature of the course and the venture creation process with the concepts of the course, give real-time support to ventures so that they have the potential to become real ventures and orchestrate connects, events and sessions with experts and mentors to create a vibrant ecosystem on campus.

Further, Khutsafalo says Launchit has officially established the Project124 Alumni Club for the alumnus from all participating countries.

“This initiative is part of our effort to help participants to tap into the alumnus’ skills, and their enterprises in order to add more value to the business community in and around societies,” says Khutsafalo.

BANKING

Reinette van der Merwe

Change is part of Leadership: First Capital Bank CEO, Reinette van der Merwe

A

t the beginning of this year, First Capital Bank introduced its new Chief Executive

Officer. Her name is Reinette van der Merwe, a versatile leader as well as a prominent personality in the banking Strides Magazine

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industry in Botswana and across the borders. Recently, Strides had a brief conversation with this Global

Leadership award-winning Financial Services Titan.

Strides: In brief, tell us about yourself and what has your career journey been like to get to your current position?

Van der Merwe: I started out in Banking more than 26 years ago as an Executive Trainee. I spent the first year of my career in a branch, learning at grass roots how a bank works. I operated at international level reporting to Barclays PLC Chief Internal Auditor and worked across Africa.

Barclays tasked me with developing of the other Chief Internal Auditors in Africa and gave me the opportunity to be responsible for the internal audit team across Africa.

In 2013, I was appointed CEO of Barclays Bank of Botswana. Under my leadership the bank received a number of recognitions such as being named the best rated banking stock on the Botswana Stock Exchange. I received CELD’s Global Leadership Impact Award in 2019 and featured in Forbes Africa as a role model for women. Over the years I spent a lot of time on business turnarounds. I took low performing teams which I supported and developed to perform at the top of their abilities. I have been a mentor and coach to numerous business colleagues. As a Chartered Accountant (CA(SA)) and a holder of a Master of Commerce in Finance and Marketing, I have supported numerous colleagues in their academic and professional studies.

Strides: How have you managed change in your previous engagements and how will such experience help you meet the expectations your customers, the board, get the staff buy in to your agenda and achieve your goals at FCB? Van der Merwe: Change is part of leadership and business which I always embrace. Although I have changed banks, roles and countries during my career so far, the golden thread is my extensive experience in the financial services sector and a track record of

excellence in Botswana. Values of integrity and fairness, stewardship, innovation, collaboration, service excellence and citizenship are important to me. When one builds on a solid foundation the change is not so difficult. I am passionate about people empowerment and development of colleagues which I always infuse in my teams. My focus is to continue delivering service excellence to our customers. Customers and staff buy into a leader’s agenda when they can see it is for the benefit of all relevant stakeholders.

Strides: There has been an accelerated adaption of technological financial solutions in the past few years. Briefly, give us a picture of such services at FCB and what should the market expect from now going forward?

Van der Merwe: First Capital Bank is focused on providing banking convenience to all our customers.

Technology is critical to that agenda.

FMB Capital Holdings, the holding company of the bank, has invested significant amounts of money both at a group level and in Botswana to ensure that we are at the top of our game when it comes to our digital offering. We constantly look at ways of improving our offering which include internet banking, corporate and individual mobile app as well as other payment and service platforms.

We will be rolling out other digital services which will be for the benefit of our customers across the various segments that we serve.

Strides: Looking at FCB’s performance in the years that it has been in operation in Botswana, do you have plans of increasing its footprint in the country? If so, what will be your strategy?

Van der Merwe: We always review our strategies regularly to see if our footprint is fit for purpose. We are looking at increasing our customer touch points and digital is a big piece of that strategy. We are mindful of the impact of Covid 19 and the need for Strides Magazine

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both our customers and staff to be safe in all our branches, banking halls and service centres. Any decision that we make going forward therefore will be made within the context of Covid -19 in addition to other commercial considerations.

Strides: FCB has been increasing its footprint on the African continent, how are you positioned to facilitate ease of doing business for local enterprises in such nations as well as take advantage of the African Continental Free Trade Area (AFCTA)?

Van der Merwe: The group’s strategic objective is to secure a regional SADC footprint to leverage on increased cross border trade and commerce within this market and beyond. Cross border trade among countries in the region, both formal and informal, has traditionally been high and we expect this would grow further as communication and transport links between countries improve.

Additionally, over the long term, economic growth in the SADC region can also be expected to increase integration of financial markets, especially banking. There is an increasing trend of mid/large corporates expanding their operations regionally. A common banking partner across the markets would facilitate their financial management.

Strides: Lastly, are there initiatives which you would like to introduce as FCB’s facilitation of financial inclusion, support for youth enterprises as well as enable female entrepreneurs?

Van der Merwe: There is a focus on SME’s and supporting female entrepreneurs as part of our strategy.

We will unveil our strategy and the different initiatives in the works when the time is right.

BANKING

Dr. Tshokologo Alex Kganetsano

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Dr Tshokologo Alex Kganetsano appointed Deputy Governor of the Bank of Botswana

H

is Excellency The President Dr, Mokgweetsi E K Masisi has appointed Dr Tshokologo Alex Kganetsano to the position of Deputy Governor of the Bank of Botswana with effect from February 5, 2021.

Dr Kganetsano joined the Bank in 1995 as an Assistant Research Officer in the then Research Department (now Research and Financial Stability Department). He was redesignated Research Officer in 1998 and promoted to Senior Research Officer in 2002. In 2009, Dr Kganetsano was transferred on promotion to the Financial Markets Department as Manager, Open Market Operations and, in 2013; he was transferred to the Banking Supervision Department as Deputy Director.

Dr Kganetsano was appointed Director, Research and Financial Stability Department in March 2017, with responsibility for providing economic, monetary and statistical analysis and policy recommendations in the areas of monetary and exchange rate policies as well as promotion of financial stability. During

the period, among others, he was a member of the Monetary Policy and Executive Committees of the Bank and, in general, served as the administrative head of the Research and Financial Stability Department with overarching responsibility for professional and strategic leadership of the Department.

Dr Kganetsano graduated with a Bachelor of Economics Degree from the University of Botswana in 1995, a Post Graduate Diploma in Financial Economics in 1997 from the University of London and, in 1999, a Master of Science Degree in Economics and Finance from the University of Warwick, United Kingdom.

Dr Kganetsano obtained a PhD in Economics from Loughborough University, United Kingdom in 2007.

During his career in the Bank, Dr Kganetsano has attended several short-term professional central banking courses as well as management and leadership development programmes including the Advanced Management Development Programme at Oxford University, United Kingdom.

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CYBER SECURITY

2021: The year to stay safe and vigilant T

he impact of COVID-19 has wrecked many lives, economies, and brought about changes that many of us would not have anticipated in our lifetime. However, there have also been positives. We have learnt to value what we have, to appreciate the little things in life.

COVID-19 has also accelerated the adoption of digital technologies, with meetings that would previously have been face-to-face now being held over a plethora of online platforms that offer virtual meeting rooms. The phrase “you’re on mute” probably

captures 2020 and the technological change that it necessitated better than any other.

We also used technologies such as video calling and messaging apps to stay in touch with family and friends, schooling, work, and shop. This shift to online living has not gone unnoticed by cybercriminals, who have upped their tactics to try and swindle money out of unsuspecting consumers. Untold damage has been done by cyber hackers, who show they have neither ethics nor morals and attacked as many institutions as Strides Magazine

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February 2021

possible, including even hospitals and vaccine manufacturers.

Part of living in an increasingly connected and digital world is understanding that our private information is more vulnerable and that incidents of cyber-crime are no longer isolated events but occur daily.

People and companies are being attacked through seemingly simple, yet vital, applications such as email, with phishing attacks continuing to be an issue, even though this is a relatively primitive form of cyber assault.

Cybercriminals and fraudsters never take a rest and neither should you. As our world becomes more digitally focused each day, vigilance and education are key to staying safe and secure.-Trevor Damon – Head of Fraud Strategy, Absa Regional Operations The passing of 2020 does not mean that the criminally minded will ease up. We must be more vigilant than ever about what information we share, primarily online. 2020 saw a surge in cyber-attacks, and these are expected to continue into 2021 and beyond as our digital and online presence and reach continue to grow.

So, what can consumers do to avoid becoming the victim of a cyber-attack?

Vigilance is key

Vigilance remains an essential defence, and we should never let our guard down; always be alert and conscious. We often become complacent around major holidays, such as the recent festive season, purchasing backto-school necessities or during upcoming calendar events like Valentine’s Day, and when we are under pressure to get shopping done quickly and cheaply.

The reality is that fraudsters and cyber-criminals never rest. They are incredibly opportunistic and always evolving their tactics.

Another vital protection method is education and awareness of risks.

Although banks provide tips to merchants on how to avoid becoming victims, retailers need to play their part in education, while consumers must assume greater responsibility for the protection of their personal information.

Take, for example, when shopping online; malware and phishing sites are set up with the sole intention of tricking consumers into thinking they are making a purchase through a legitimate website, but the fake site will steal login

details and empty bank accounts faster than you can get on the phone to your bank.

An email will often land with what looks like a link to a legitimate website, such as popular online retailers.

However, that link has been spoofed, and it directs people to a fake site, which often looks real, but isn’t.

In an effort to create awareness around some of the typical hacks that consumers most fall prey to, Absa created these videos to show how easily consumers can fall prey to a cyberattack without even realising it. https:// www.absa.africa/absaafrica/about-us/ cyber-security/

So, what should you do?

Don’t click on links in emails, instead type in the address Look out for mistakes in design, such as a logo that doesn’t match that of the real company Look for the padlock to indicate a secure website. This looks like the padlock you would use to secure a gate A secure website should have the URL “Https.”

Avoid websites asking for personal information. If in doubt, contact your bank directly.

Avoid doing online banking or shopping in public places like internet café’s as these are high risk type venues which can leave you vulnerable to data breaches and online fraud Two-factor (or multi-factor) authentication can be enabled on your device, and many banks offer their customers this type of security Strides Magazine

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February 2021

to strengthen authentication.

This means that, in addition to logging into a secure site and providing your bank account details, your bank will ask you to verify a transaction through either a one-time pin or the banking app. Absa uses a number of security mechanisms to increase customers’ online banking security and to prevent online identity theft and other threats. These include, among others, Advanced Encryption Software and 3D Secure.

Absa offers identity theft alerts on customers’ credit profile and consumers can also enquire with their local credit providers as to whether they offer this service so that they are informed when credentials are used without authorisation.

Where a customer has fallen victim of a cyber-attack, they should immediately report the incident to their bank. The bank will usually launch an investigation and attempt to try and recover the lost funds. However, if the loss is because of an action on the consumer, such as falling for a phishing scam, the bank is usually not liable, although banks will likely look into each case on merit.

To avoid the paperwork and pain that comes with fraud cases, which no one wants to deal with under the best of circumstances, never mind during a global pandemic, stay vigilant and always check out all the security details on websites.

And as the adage goes, if it seems too good to be true, it usually is.

Health

9 Optimal ways to boost your Immune System W ith the Covid-19 pandemic ravaging lives across the globe, a robust immune system is a wondrous mechanism that can protect you against such a ravenous virus and other diseases.

Below are nine ways to help optmise your immune system compiled by Z Hereford and first published on essential life skills.net 1. Get Good Quality Sleep. Good quality sleep is important for a variety of reasons including improving your immune system. In a 2017 study at the University of Washington Medicine Sleep Center where 11 pairs of identical twins were studied, researchers found that those with shorter periods of sleep had weaker

immune systems.

Similar studies have shown that a lack of sleep negatively affects all systems in the body including the brain, heart, lungs, and the immune disease-fighting function. While you sleep, your immune system releases cytokines (proteins produced by the body that help fight infections) that are needed to fight infection, inflammation, and stress. Sleep deprivation decreases the body’s production of cytokines.

2.

Be More Active and Exercise. There is no question that exercise enhances the immune system. According to Dr. Eudene Harry, medical director at Oasis Wellness and Rejuvenation Center in Strides Magazine

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February 2021

Florida: “Researchers found that not only did exercise increase immunity up to 10 times immediately after exercise but, in the hours following exercise, the immune cells seem to be sent to areas of the body that are more likely to get infected. Talk about intelligent design-something that we can easily do every day can help us boost our immunity.”

Exercise also promotes the rapid and efficient circulation of immune cells (such as white blood cells) which allow the immune system to identify and protect against aggressive, harmful bacteria or viruses.

3. Maintain a Healthy Diet. One of the most balanced and immune-

enhancing diets is the Mediterranean diet. According to a 2014 article published in the journal, Endocrine, Metabolic & Immune Disorders – Drug Targets, the Mediterranean diet «could counter the effects of several inflammatory markers.»

The diet consists of an abundance of olive oil, fresh fruits and vegetables, cereals, as well as nut and seeds. Wine is also frequently, yet moderately consumed, as well as moderate portions of fish, seafood, cheeses, poultry and eggs. Red and processed meats are limited to small amounts.

The Mediterranean diet boosts the immune system’s protection against several diseases associated with chronic low-grade inflammation such as cancer, diabetes, obesity and atherosclerosis.

4.

Consume Alcohol in Moderation. Many of us enjoy that glorious glass of wine with dinner as well we should; however, consuming alcohol in excess can deplete your immune system. According to a review published in Alcohol Research in 2015, high levels of alcohol consumption can weaken your body’s ability to fight infection as well as slow down your recovery time. When you drink high amounts of alcohol, your body is so busy detoxifying your system that it leaves little resources for normal immune system function.

5. Get some sunlight. Sunlight, as well as boosting your mood, is the best source of vitamin D to strengthen your immune system. The Cleveland Clinic recommends 10 to 15 minutes of sun exposure two to three times a week. The sun is your friend in reasonable doses.

6.

Manage your stress levels. According to the American Psychological Association, there is a huge correlation between stress and

the immune system. Stress weakens the immune system!

From an evolutionary standpoint, stress hormones (such as cortisol) were only meant to be activated at the point of serious threats otherwise known as the ‘fight or flight’ response.

However, when chronic stress exists, lower levels of these hormones are available to circulate in the blood thus stimulating chronic inflammation in several organs. The result is a weaker immune system.

7. Laugh more. According to Lee S. Berk, who has been studying the impact of laughter on mental and physical health since 1988, laughter decreases cortisol and conversely releases the brain’s feel-good chemicals such as endorphins.

Laughter boosts the immune system by decreasing stress hormones and increasing immune cells and infection-fighting antibodies, all of which improve your resistance to disease.

8. Manage your emotions. There is no question that emotions play an integral role in the health of your immune system. According to a 2018 study published by Brain, Behavior, and Immunity, negative moods can adversely affect immune system functions and increase the risk of inflammation.

Studies conducted at Pennsylvania State University have found that negative moods can change how the immune system responds. Through the study, it was discovered that individuals who were consistently in negative moods tended to be at higher risk of inflammation (a clear biomarker of a weaker immune system). Conversely, those participants who exhibited a good mood showed decreased levels of inflammation in the blood.

Negativity and the stress that comes Strides Magazine

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February 2021

with it have been shown to affect certain stem cells that cause changes in the brain. Prolonged exposure to cortisol, the stress hormone, leads to damage in the hippocampus.

By contrast, positive emotions such as hope, love, confidence, joy and laughter boost the body’s immune system. When the mind is calm, the brain releases dopamine and norepinephrine along with endorphins which allows white blood cells to fight off of harmful bacteria and restore immune resilience.

9. Reduce sugar intake. Although we don›t typically think about how much sugar intake affects the immune system, it is important to know that it depletes cells in the body that fight off bacteria.

According to Dr. Jacob Teitelbaum: “A 12-ounce soda suppresses immunity by 30 percent for 3 hours.”

If you happen to consume a lot of sugar regularly, you could be depleting your immune system.

Similarly, a 1973 study done

by Loma Linda University in California, found that when you consume 100 grams (3.5 oz.) of sugar, your white blood cells are 40 percent less effective at killing germs. It can deplete your immune system’s ability to fight off attacks for up to 5 hours after eating sugar.

A wonderful alternative to sugar is honey which is not only tasty, it has many vitamins, minerals and antioxidants to keep you healthy and actually boost your immune system.

Maintaining a strong healthy immune system is paramount for defending against autoimmune diseases, inflammatory diseases, infections and other serious conditions.

It is now more important than ever to practice the basics of good healthy living including a balanced diet, good quality sleep, proper exercise and a balanced lifestyle.

LEADERSHIP

Leadership lessons from combi drivers part 2

By Dr. Wilbert R. Mutoko (PhD, FHEA) Dr. Wilbert R. Mutoko (PhD, FHEA) is a business doctor, financial wellness speaker, business strategist, researcher and senior lecturer at undergraduate and master’s degree level for business management and entrepreneurship & business leadership at the Botswana Accountancy College School of Business & Leisure.

Dr. Wilbert is the author of four books entitled: 15 Secrets for Personal Financial Success – A Simple Step-by-Step Plan for Financial Freedom | 16 Mistakes Singles Make Volume One – A Guide to Successful Dating & Courtship that leads to Blissful Marriage | What you have is Enough - How to become wildly successful in finance and business starting from where you are now. | The fourth book is a free pdf - | Financial Freedom – It’s your turn for financial success.

You can get the free ebook by emailing or sending a WhatsApp message to the author.

All the books are available at Exclusive Books (Riverwalk) and Bala Books (Rail Park Mall). Dr. Mutoko writes in his personal capacity.

For feedback, you can contact him on email: wilbertmutoko@ gmail.com. Or WhatsApp: +267 71 824 591.

L

eadership can be learned.

Whether you were born a leader or not, you have an equal chance to learn how to lead. One of the ways in which leaders and potential leaders can learn is by looking at the way good combi (minibus or taxi) drivers lead. In this article, we will extract some leadership lessons from combi drivers. This is part two of the series on the leadership lessons to be learned from good combi drivers. In the first part, we looked at vision, reputation, multitasking, calmness, focus, and marketing/sales. In this series we look at patience, delegation, customer care, and being good with numbers.

Patience Good combi drivers are patient. At the taxi rank, If you pass by the taxi rank, combis operate in queues.

The drivers wait patiently for their turn to load either by sleeping, or playing games.

They also have to be patient while loading until the combi is full or has enough people to do more than breakeven. Similarly, good leaders develop patience in planning, implementing strategy, building a winning team, and attaining organizational goals.

Any impatient leader will easily become a patient. This is so because and impatient Strides Magazine

leader is more likely to develop emotional turmoil, which affects the business and performance negatively.

The other day I was talking with one CEO of a large enterprise whom I will call Tim. Tim told me that if he goes to negotiate funding from a financial institution and the manager don’t fund his company, Tim recourses to other financial institutions.

If he still can’t get the funding, he will be patient enough to either fund the project internally or shelve it until a year in future when the problem manager who declined to lend the money either retires or moves to a different company. Thus, he will go back to the financial institution to start negotiating 26

February 2021

with the new manager. How many leaders do you think are that patient? Many people would give up completely if a bank manager refused to give them money. However, Tim has a different mindset.

Another example of patience with leaders is that sometimes it takes time to recruit the right people in your organization. If you lack patience, you end up hiring the wrong people who will give you headaches in the organization.

Furthermore, as a leader, you should acknowledge that change management is not easy and it needs patience.

This is so true especially when you decide to change the organizational culture.

You cannot wake up one day

to find all employees excited by the change. It takes time.

The last example is that as a leader, you should be patient to work with new employees, new suppliers, and new customers. It takes patience to build lasting relationships. Good leaders can learn something from combi drivers’ level of patience.

Delegation Have you seen someone looking like the driver of a combi starting the engine of the combi, driving the combi a bit and calling out for customers, only to realize later that the real driver is a different person? Drivers understand the power of delegation.

They can ask the conductor to sit in the driver’s seat and look like the driver. Furthermore, while the driver is busy driving, s/he can delegate one of the passengers to collect money.

In many countries, in a combi, one passenger just assumes the role of fare collection, and begins to collect the fare and giving fellow passengers change.

Good leaders should similarly avoid burnout by avoiding overworking by giving some of their duties to junior employees. Delegation allows the leader to concentrate on key activities. Furthermore, delegating some duties to juniors empowers the juniors and could motivate them.

However, some leaders will never delegate because they either fear that the juniors will mess up the job or they may end up taking their job.

Nevertheless, good leaders know that to lead well, it is crucial to delegate.

As they say, ‘good leaders develop followers, while great leaders develop other leaders.’ What sort of leader are you? How good are you at delegating?

If you avoid delegating, what are your reasons for that?

Talk less Many combi drivers talk very little. Their focus is on filling

the vehicle and transporting the customers to their destinations. Great leaders are generally known to be less talkative unless it is necessary. Being too talkative causes a leader to lose sight of crucial matters. Talking too much may mean that a leader is not listening enough. As a leader, it is necessary for you to listen more than you talk. Good examples of quiet leaders that achieved or are achieving great things include: Albert Einstein, one of the most famous physicists; Bill Gates, Founder of Microsoft, one of the world’s richest people of all time and greatest performing CEOs; Sir Isaac Newton, one of the world’s best scientists; Anna Eleanor Roosevelt, wife of former president of the US, Franklin D. Roosevelt, a shy and reserved woman who was very impactful and gave hundreds of speeches during 1933 and 1945 when she was first lady; Mark Zuckerberg, Founder of Facebook, is said to be shy and a bit reserved, but he is highly impactful; Larry Page, co-founder of Google, is a quiet and reserved leader.

In Botswana, some reserved leaders that avoid talking unnecessarily include most of the traditional chiefs; Ramachandran Ottapathu, CEO and founder of Choppies; Satar Dada, Founder of Dada Group of Companies; Serty Leburu, Executive Director of Botswana Accountancy College; Mpho Moremong Gobe, Founder of MG Properties; and many more. There are many more leaders we can learn from: Warren Buffett, Abraham Lincoln, Mahatma Gandhi, Michael Jordan, Charles Darwin, Elon Musk, Steve Wozniak, Barrack Obama, Al Gore, and the list goes on.

Which other names did I leave here?

Can you add more names, especially applicable in your country? Do you agree that leaders should reduce talking for them to be more effective just as good combi drivers do?

Strides Magazine

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Exceptional Customer Experience Some good combi drivers care for their customers such that they help with carrying luggage, carrying children on and off the vehicle, and in some cases, they can drop some customers at their doorsteps. Good leaders should take good care of their customers. If you neglect the customers’ needs, you soon get out of business, especially in these days where competition is stiff. Great leaders ensure that their employees are well taken care of, hence the employees will take good care of the customers.

As a leader, you should therefore take your employees as your customers, please and inspire them. In turn your employees should do the same to the customers. Can you comfortably say that your organization delivers consistent exceptional customer experience? If not, Why? What can you do differently as a leader to ensure that your organization or department will deliver exceptional customer experience to give you a competitive advantage?

Good with numbers Most combi drivers have high levels of understanding and experience with counting money. They can count money while driving at the same time.

Furthermore, they should give change accurately, lest they either disappoint customers or they short-change the company. Similarly, good leaders should be good with numbers. When I listen to entrepreneurs pitching or just sharing about what they do, I listen carefully to the details which include financial figures. Of course, you may not be great with figures, but it is essential for you to hire the right people who understand the figures and get them to simplify the figures for you.

I wish you the best of every success as a leader. Together we will sail through this crisis.

ENTREPRENEURSHIP

The EntrepreneurApp – YOU are your business!

Aobakwe K. Sentle Aobakwe Sentle is Founder and CEO of BluStreak Consulting, A StartUp Consulting Company. He is CoFounder of Newline Accounting Services and Also Co-Founder of DropSocial -A digital Marketing Company.

W

hen we run businesses, we have to understand that the person that we are will influence how we operate. YOU are an integral part of your enterprise and your actions or lack thereof, will determine your outcomes directly.

Your personal practices will always reflect on the way you do things and it is critical that we know ourselves, our strengths and weaknesses. Doing a personal audit will help us focus on what we know best and hone it while paying attention to what we seem to be poor at and finding ways to deal with it. Psychologists have done a great job in their work with coming up with different classifications of personalities of which the most ubiquitous is the Big 5 personality traits.

The big 5 personality traits seek to describe what we are most excited by and what comes easy to us and what we dare never do. They reflect people’s characteristic patterns of thoughts, feelings and behavior.

Conscientious people tend to behave careful in their behavior and thought. They are always on time and tend to follow rules more closely. When you fall in this class of personality traits, you will do well in planning and organizing functions of your business such as budgeting and you ought to be happy about this. However, you will not do very well in activities that require an openness to experiences, tasks that require the ability to welcome new ideas more freely as you tend to be more rigid in nature. Openness on the other hand will make the person display attributes opposite to conscientiousness where you will have low scores in analytical skills which are integral parts of your business but be very strong in creative thinking accepting news ways of doing things and welcoming other people’s ideas.

Furthermore, we have extraversion, a personality trait that includes people who are talkative and possess a ‘life of the party’ Strides Magazine

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character in them. While these people can be good at making new connections doing business pitches to customers, they have within them the low point of being calm and quiet which means they will not fare well in tasks that need focus and attention to detail. They might not like to participate in a strategy session that requires them to sit and listen. They might unable to make analytical emotionless judgements, which are needed in most business cases.

In addition to the above traits, we can have a personality commonly known as agreeableness and one called neuroticism. An agreeable person gets along with other people easily and are good natured people but not quite excellent with leading and leadership roles as they require a firmness to them.

Neurotic people are the ones constantly worried about the small details and feeling nothing is ever enough.

In conclusion, knowing who you are as a person is crucial for your business because the information clearly spells what you struggle with and what will be easy for you. Equipped with this knowledge with this knowledge from self-assessment we can make decisions to train our minds and selves or get partners who complement who will complement us thereby leading our enterprise to success.

February 2021

ENTREPRENEURSHIP

TRADE

AFCFTA: An opportunity for Botswana’s diversification drive

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ith African countries getting rid of trade barriers and forming one trade bloc, this spells more opportunities than challenges or vices for every member state. The African continent hosts the largest base of wealth, by wealth referring to natural resources, either tapped or untapped. We have over the past decades, been subject to criticism regarding how divided we are in Africa, hence our weakened voice at global level when it comes to trade negotiations and attracting inward investment.

As representatives of Botswana’s private sector manufacturing and exporting businesses, we are excited about the AfCFTA and would anticipate the best looking forward from the agreement.

According to the 2019 African Economic Outlook report Africa’s general economic performance was indicated to be on the path to recovery and GDP growth was projected to be at 4.0 percent in 2019 and 4.1 percent in 2020. However, this was before the outbreak of the COVID-19 pandemic. The outbreak has only posed problems, as it has contracted Intra-African trade volumes and lead to the failure of numerous businesses across sectors. We believe the path to recovery, can only commence when the private sector is given the leading role through government facilitation.

As Botswana, we need to view the AfCFTA as a chance to realize

our economic diversification goal. For many decades, Botswana’s exports were centered on primary products, especially diamonds, copper/nickel, meat and meat products, textile and clothing. In 2018 the mining sector contributed 90% total of exports, the figure till date treads along those numbers, such reflecting badly on national economic diversification goals. We ought to look more towards our import bill for opportunities, we are importing products that we can easily produce ourselves and export to the rest of Africa.

Looking at our 5 principal imports into Botswana we have food and beverages listed there, such is a cause for concern, we should not be failing to feed ourselves. According to a World Bank Report (2011), Africa earned 23% of its income from farming, a figure that continues to Strides Magazine

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rise. If this is matched with more electricity and irrigation, smart business and trade policies and dynamic private agribusiness sector that works side by side with governments to link farmers with consumers in an increasing urbanized Africa, the World Bank estimates that agriculture and agribusiness together could earn a US$1 trillion in Africa’s regional economy by 2030 from US$331 billion in 2010.

The Botswana government should consider offering more support to farmers in this regard, acquisition of land for farming purposes should not be an onerous and cumbersome process, and efforts by the government should be channeled towards sustainable farming practices, considering channeling efforts towards the use of solar energy in agriculture. The AfCFTA will foster sharing of new technology amongst African countries, we should benchmark from member states who have successfully utilized such technology to ensure efficiency within the agri-business space.

The AfCFTA if approached tactfully could benefit Botswana. We could have more businesses being established and reduce the alarming employment rate. As an Association, we are ready to serve the manufacturing and exporting community, ensure that their business derive maximum utility from the continental Agreement. We would like to see Botswana becoming the manufacturing hub of Africa, it is not a lofty vision, and it will be possible through diligent private and public sector synergies.

NATIONAL DEVELOPMENT

PPPs to aide government in infrastructure development

A

s COVID-19 challenges continue to affect the government’s budget for various proposed and ongoing infrastructure development, the Botswana Finance Minister presenting the proposed 2021/22 budget said government is considering Public Private Partnerships (PPPs) to deliver on planned projects.

“With respect to engagement of the private sector in the implementation of projects using the PPP method, several Ministries have already identified suitable projects. Private sector partners will be contracted, in the coming financial year, to finance, construct and operate these projects,” said Thapelo Matsheka, minister of Finance and Development Planning.

He said requests for expressions of interest to build, finance and operate some of the country’s mega projects on a PPP basis has been issued for the coming financial year: Projects on the PPPS pipeline include; the Zambezi AgroCommercial Development project and the Chobe-Zambezi Water Transfer Scheme, Tshele Hill Bulk Fuel Storage Facility, Sepopa Prison Farm; Headquarters for Botswana Prison Services, Serowe Magistrate Court, the Francistown-Nata Road; Maun-Mohembo road; and the Mmamabula-Lephalale and MosetseKazungula Railways.

Outside the PPPs, some of the projects that government has plans to embark on include construction of mini-health centres at Sir Seretse Khama International Airport, Maun Airport and Kasane Airport, as well as upgrading health care facilities in Maun and Kasane, redevelopment and repair of Lobatse Athlone Hospital, and further facelift of Mahalapye and

Government to construct a Min-Clinic at Sir Seretse Khama International Airport using PPP

Sekgoma Hospitals.

In addition, the Ministry of Land Management, Water and Sanitation is expected to embark on major investment in water and sanitation infrastructure which includes the ongoing construction of the Maun Water Supply and Sanitation Scheme, which will provide potable water and sanitation networks to benefit the localities of Sexaxa, Matsaudi, Sekampane and Shorobe. The projects will be an addition to ongoing construction of the Masama – Mmamashia 100 kilometre pipeline.

“The project will inject an additional sixty-four million cubic litres of water per day (64Ml/day) into the Greater Gaborone, Lobatse, Kanye, Ramotswa, Molepolole and Borolong areas,” said Matsheka.

Other significant water projects include the next phase of North South Carrier project under the NSC 2.2 Palapye – Mmamashia Water Pipeline, including the Mmamashia Water Treatment Plant expansion; NSC 2.3 Mmamashia – Gaborone Pipeline and implementation of Gaborone Water Master Plan; implementation of Strides Magazine

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February 2021

Lobatse Water Master Plan; Moshupa Sanitation project; connection of Tswapong South villages to the North South Carrier. Government is also constructing a Water Treatment Plant in Kasane and the Mahalapye and Palapye Water Treatment works.

As part of implementing the Economic Recovery and Transformation Plan initiatives, Matsheka said a budget provision has been made for major transport infrastructure projects.

“To this end, the second largest share at P1.85 billion or 12.51 percent is allocated to the Ministry of Transport and Communications.

All the roads in the ERTP will be done on an expression of interest in the coming Financial Year, including the Nata-Maun road, dualling of A1 and Gaborone Eastern bypass. Other transport projects to be implemented in the coming year include the Francistown-Nata, MaunMohembo, Palapye Martin’s Drift and Mmathethe-Bray roads; and the Mmamabula-Lephalale and MosetseKazungula railway projects,” said Matsheka.

PERSONAL FINANCE

Financial goal setting during the 2nd wave of Covid -19

T

Tumelo Sejo Boitumelo

hese are indeed trying times for all of us.

The impacts are not only health related, but we now continue to feel the actual economic impacts particularly in our households.

When covid 19 first hit the global village, we all learnt new ways of survival. For most people, the idea was that the pandemic will be gone by 2021, but great businesses introduced the new order of doing things. The change was not a temporary processes, but they were strategies vital for survival and long term practices for their entities. In the second wave of the pandemic it is important to actually acknowledge that the virus is here, and we must learn new ways of coexisting with it.

In the previous article, we highlighted on having an emergency fund, adjusting your budgeting, avoiding to make emotional financial decisions and lastly cost saving. These remain the core concepts of financial management. In any given scenario, it is crucial to have an emergency fund, to prepare for such pandemics. The assumption, therefore, remains that we did not practice the above momentarily, but we adapted them.

The curfew presents an opportunity for most of us to reduce costs. The time we spend outside the confines of our homes is significantly reduced.

There are very few opportunities to travel and to generally spend money. In a crisis, it is important to accumulate and prepare for the worst case scenario. Save as much as you can for rainy days, or any unforeseen circumstances.

In the first phase of the pandemic various financial institutions offered relief measures but for a limited time. It is imperative to continue communicating and negotiating with your bank or relevant financial institution if your situation has not changed. Negotiate for a debt restructuring or any viable solution to your current financial setting.

The lending rate has been reduced as one of the economic resuscitation measures. This has increased affordability, reduced interest rates and freed up a bit of cash. Before you react to this measure, assess if it is necessary or you are taking Strides Magazine

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a loan because interest rates are low. Pre loan counselling is vital in this case, to ensure that, the loan you are borrowing will be put to good use. It is critical to ensure that once the interest goes up, you will still be able to afford the loan.

Enquire about the insurance products available for the loan. Learn and understand the difference between the insurance products offered as well as the terms and conditions. A retrenchment cover will be a great product to buy alongside your new loan, given the uncertainty surrounding job security in this pandemic.

Once again, this is a global health crisis, which has a massive impact on the global economy. Often times, the economic impacts are experienced later than the health effects, which are usually immediate. The death toll is rising, and the economy is suppressed due to precautions put in place. Retrenchments are looming, and some companies have been forced to shut down. At a household level it is important to prepare for an event where the loss of job will strike your home.

This calls for venturing into income generating opportunities that are aligned to essential products and services. These are enterprises that existed before the pandemic and shall continue to be in demand beyond the pandemic. It is time we turn the crisis into thriving opportunities.

This is to diversify our sources of income, but to also play a role in resuscitating the economy.

Start working on getting out of debt.

This can be successfully achieved by having a comprehensive debt repayment plan. It is important to pay off small loans to increase disposable income. This will give you an opportunity to look at investment opportunities and work towards financial independence and ultimately financial freedom.

In 2020 we were unable to attain most of our financial goals. It is time to employ a new approach. This is to twig the goals and make them much more resilient, during times of a pandemic. We must not lose hope. It is time to be disruptive and adapt to the new changes. Set up an appointment with a financial planner, to revise your plans.

February 2021

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DIPLOMA PROGRAMME - DIPLOMA IN POLICING - DIPLOMA IN LAW (MSU) - ADVANCED DIPLOMA IN OCCUPATIONAL HEALTH & SAFETY AND ENVIRONMENTAL LAW - ADVANCED DIPLOMA IN PURCHASING & SUPPLY MANAGEMENT - ADVANCED DIPLOMA IN SECURITY MANAGEMENT & LEGAL STUDIES - DIPLOMA IN COURT ADMINISTRATION (MSU) - DIPLOMA IN LABOUR LAW (MSU) - ADVANCED DIPLOMA IN CRIMINOLOGY (MSU) - DIPLOMA IN PUBLIC HEALTH - DIPLOMA IN CHILD LAW (MSU) - DIPLOMA IN ELECTRONICS - DIPLOMA IN EVENTS MANAGEMENT - DIPLOMA IN TRANSPORT PLANNING & MANAGEMENT - DIPLOMA IN MOTOR VEHICLE ENGINEERING - DIPLOMA IN AGRICULTURE - DIPLOMA IN COMPANY LAW (MSU) - CHARTERED INSTITUTE OF PROCUREMENT & SUPPLY (CIPS) - DIPLOMA IN STRATEGIC LEADERSHIP (POLICE & SECURITY) - DIPLOMA IN EARLY CHILDHOOD EDUCATION (MSU) - DIPLOMA IN WATER AND ENVIRONMENTAL ENGINEERING

CERTIFICATE PROGRAMME - CERTIFICATE IN LAW (GUC) - CERTIFICATE IN HUMAN RIGHTS LAW (GUC) - CERTIFICATE IN INSURANCE LAW (GUC) - CERTIFICATE IN CUSTOMARY LAW (GUC) - CERTIFICATE IN MILITARY LAW (GUC) - CERTIFICATE IN LAND ADMINISTRATION LAW (GUC) - CERTIFICATE IN ENVIRONMENTAL LAW (GUC) - CERTIFICATE IN EDUCATIONAL LAW (GUC) - CERTIFICATE IN COMMERCIAL LAW (GUC) - CERTIFICATE IN PROPERTY & ESTATE ADMIN. LAW (GUC)

- CERTIFICATE IN EARLY CHILDHOOD EDUCATION - (PRE-SCHOOL TEACHER’S TRAINING) GUC - CERTIFICATE IN HUMAN RESOURCE MANAGEMENT (ABE) - CERTIFICATE IN BUSINESS MANAGEMENT (ABE) - CERTIFICATE IN TRAVEL, TOURISM AND HOSPITALITY (ABE) - CERTIFICATE IN SALES AND MARKETING (GUC) - CERTIFICATE IN SECRETARIAL AND ADMINISTRATION (GUC) - CERTIFICATE IN BUSINESS INFORMATION SYSTEM (ABE) - CERTIFICATE IN INFORMATION TECHNOLOGY (GUC) - CERTIFICATE IN PUBLIC RELATIONS (GUC) - CERTIFICATE IN PROCUREMENT AND SUPPLY MANAGEMENT - CERTIFICATE IN SECURITY MANAGEMENT - CERTIFICATE IN OCCUPATIONAL HEALTH AND SAFETY - CERTIFICATE IN COMMUNITY DEVELOPMENT - CERTIFICATE IN HIV/AIDS MANAGEMENT - CERTIFICATE IN REAL ESTATE MANAGEMENT - CERTIFICATE IN ACCOUNTING & FINANCE - CERTIFICATE IN INVENTORY MANAGEMENT - CERTIFICATE IN BANKING & FINANCE - CERTIFICATE IN PROJECT MANAGEMENT - CERTIFICATE IN PUBLIC SECTOR MANAGEMENT - CERTIFICATE IN EDUCATION - ADVANCED CERTIFICATE IN EDUCATION

AS Happy Health Plan

AS Happy as you can be From as little as P259p/m get a health plan that protects your wellbeing and suits your pocket.

P10,000 Funeral cover

Doctor's visits

Physiotherapy benefit

Optical cover

HIV Assistance cover

Maternity care program

Dental cover

No 10% co-payment

Ambulance cover

COVID19 Care benefit