Mmegi

Financial discipline key to SME survival, says Bank Gaborone

Sharing insights: Phirinyane
Sharing insights: Phirinyane

Bank Gaborone’s Airport Junction Branch Manager, Mpho Phirinyane, has emphasised that financial discipline and early engagement with banks are critical factors that determine whether small and medium enterprises (SME) succeed or fail.

Speaking during the bank’s Kgwebo Connect series featuring both Phirinyane and Lesang Busang founder of Ko Isong, Phirinyane outlined practical steps entrepreneurs must take to build sustainable businesses, cautioning that passion alone is not enough to drive long-term growth.

“At the core of every business there is passion, but passion alone does not carry the business,” she said.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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