Mmegi Online :: PEEPA weighs BSB, BotswanaPost merger
Banners
Banners
Banners
Banners
Last Updated
Friday 16 November 2018, 09:22 am.
Banners
PEEPA weighs BSB, BotswanaPost merger

The Botswana Savings Bank (BSB) and BotswanaPost are seeking the appropriate model for combining the two companies but have not decided on any plan.
By Pauline Dikuelo Tue 13 Jun 2017, 15:47 pm (GMT +2)
Mmegi Online :: PEEPA weighs BSB, BotswanaPost merger








According to the Public Enterprises Evaluation and Privatisation Agency (PEEPA) corporate communications manager, Mosikare Mogegeh developments have been made in the merger of the two parastatals as currently business models are being interrogated for suitability and viability of the future operational course.

He said the study has proposed several models to be used after merging the two entities. “Currently a detailed assessment of the models is being undertaken so as to determine the future operational course of the merged entity and we expect the whole process to be complete in August 2017,” he said.

He said the recommendations will be implemented once approved by the Ministry of Transport and Communications. This follows the passing by Parliament in December 2013 of the Botswana Postal Service Amendment Bill and approval by Cabinet of a Holding Company, the BotswanaPost and Savings Group Limited, under which the merger will operate.

Last year in July a tender for the consultancy services was awarded to conduct a due diligence study on the merging organisations. The study is expected to recommend an appropriate corporate business model and an optimal organisational structure for the operationalisation of the merger.

The resultant corporate business model is also

Banners

expected to offer Batswana access to one-stop shop for postal, financial inclusion, courier, logistics and related services efficiently and at a reasonable cost. Further PEEPA is assisting the Ministry of Investment, Trade and Industry (MITI) to undertake a detailed assessment on possible rationalisation of all its 11 parastatals.

The parastatals include Botswana Investment and Trade Centre (BITC), Citizen Entrepreneurial Development Agency (CEDA), Local Enterprise Authority (LEA), SPEDU, Competition Authority, Botswana Trade Commission, CIPA, Gambling Authority, Botswana Development Corporation (BDC) as well as BOBS.

According to Mogegeh, currently PEEPA and MITI are undertaking preparatory work for the development of the rationalisation strategy.

“The process has just started and therefore there are no specific recommendations at the moment. The overall objectives for the rationalisation strategy is to ensure optimum utilisation of national resources and achieve reduction in public expenditure, reduce overlaps and duplications and ensure effective and efficient service delivery systems through synergies,” he said.

Appearing before Public Accounts Committee recently, the MITI permanent secretary Peggy Serame said government has considered merging these parastatals as most of them have the same mandates something that she said will reduce the costs as most of them cannot sustain themselves.

Subscribe to our Newsletter
Banners
Banners
Banners


Business
Tue 13 Jun 2017, 18:00 pm
Tue 13 Jun 2017, 15:47 pm
Fri 09 Jun 2017, 18:00 pm
Fri 09 Jun 2017, 16:13 pm
Fri 09 Jun 2017, 16:12 pm
Fri 09 Jun 2017, 16:10 pm
Fri 09 Jun 2017, 16:07 pm
Thu 08 Jun 2017, 18:00 pm
Thu 08 Jun 2017, 15:50 pm
Thu 08 Jun 2017, 15:50 pm
Wed 07 Jun 2017, 18:00 pm
Wed 07 Jun 2017, 17:55 pm
Wed 07 Jun 2017, 15:00 pm
Tue 06 Jun 2017, 18:00 pm
Tue 06 Jun 2017, 16:30 pm
Fri 02 Jun 2017, 18:00 pm
Fri 02 Jun 2017, 15:15 pm
Fri 02 Jun 2017, 15:14 pm
Fri 02 Jun 2017, 15:12 pm
Fri 02 Jun 2017, 15:08 pm
Fri 02 Jun 2017, 15:08 pm
Fri 02 Jun 2017, 15:04 pm
Thu 01 Jun 2017, 18:00 pm
Thu 01 Jun 2017, 16:08 pm
Thu 01 Jun 2017, 16:07 pm
Banners
Banners
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Next
    Masa Centre
    ::: Friday 16 Nov - Friday 16 Nov :::
  • Previous
    Next
    Riverwalk
    ::: Friday 16 Nov - Friday 16 Nov :::
  • Previous
    Next
    Gamecity
    ::: Friday 16 Nov - Friday 16 Nov :::
Selefu
Tla gae! Ke sharpo.
Banners
Banners
istanbul escort