Savings co-opís revenues top P1m

Building wealth: Members of the Finance Ministry's cooperate society during their AGM. PIC MORERI SEJAKGOMO
Building wealth: Members of the Finance Ministry's cooperate society during their AGM. PIC MORERI SEJAKGOMO

The Matlotlo Savings and Credit Co-operative Society (SACCOS) has reported increased overall profits for its current financial year, despite nonparticipation of members in the past four years.

The society, which is run by employees of the Ministry of Finance and Development Planning, recorded a total income of P1.2 million and a net profit of over P490, 000 for the year ended 30 April, 2014. Last year its total income amounted to about P879, 000 and a net profit of P379, 000.

Speaking during the society’s annual general meeting recently, SACCOS chairman, Janet Makgolo expressed concern that members were not participating in the society due to lack of resources and commitment.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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