Banks can weather the storm � Union

Keabetswe
Keabetswe

Local commercial banks are positioned to turn things around for the better of their businesses without the need for headcount reductions, says the Botswana Bank Employees Union (BOBEU).

Speaking to Mmegi Business, BOBEU general secretary, Lebogang Keabetswe said while they believe they can collectively weather the storm in the banking sector with the dedication of the employees, some banks are already looking for an easier way out.

“They find reduction of headcount as essentially the easiest variable cost to get rid of,” she said.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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