Retrenchments rip hole in Phikwe saving's purse
Wednesday, June 17, 2009
SACCOS lost 25 members through retrenchments and this has reduced members' savings by P571,208,15 and resulted in a loss of share capital of P12,500.
Retrenchment also led to the reduction of loans ratio from 1:3 to 1:1. An average of P3 million monthly loans have been reduced to P404,932. Department of Cooperative Development official, Ivy Kekgobilwe, said the future of SACCOS is totally dependent on the existence of BCL Mine.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...