Strategic Note: Bapo Ba Mogale Investments NPC Issued by: Executive Committee ( CEO, CFO and Company Secretary) Good Morning Ditlou! We note with great excitement your views/comments on our initial strategy statement. It is imperative to record that the strategy document is a work in progress and has to contain realistic, attainable and measurable goals and objectives. As such the strategy will be better and better upon consultations, engagements and deliberations on its fundamentals. In developing the strategy, we consider 1st our operational environment. Our environment is informed by the circumstances and conditions of where we operate including circumstances of our shareholders (Bapo Community). This warrants a clear view and understanding of both the historical and current context. Brief overview 1.In 2008, the community had through the then Traditional Council of 2005 accumulated a total cash balance of R399m. This is on record let us refer to 1st report of Administrator Abel Dlamini. 2.The Council of 2008 was deposed on allegations that they had stolen R20m to which to date there are still no substantial claims to that. 3.Procurement opportunities across all the mines that were meant to be for the community were distributed and appropriate to the exclusion of the community. 4.The community has since operated without a corporate structure but with administrators distributing the money as they see fit. 5.Unemployment to date is more than 50%. 6.We continue to see the same type of groupings that deposed the Traditional Council continue to lobby against development that is currently taking place. 7.We saw the best of the class looting, one that has never been seen before anywhere through the following: • Contracts with suppliers. • Bursaries. • Food Parcels. 8.Our environment is infected and affected by propaganda. A lot of people’s energy goes on telling lies for personal benefit and what is used is the energies of the young people to achieve their gains. E.g the 2008 deposing of the council. 9.As Bapo Ba Mogale Investments, we inherited a Balance of less than R100,000 in the D- Account before Lonmin Transaction. Change (95% radical progress, determination and progress-5% problems) Though we consider the past important, we want to focus on the future. “Sometimes we may ask God for success, and He gives us physical and mental stamina. We might plead for prosperity, and we receive enlarged perspective and increased patience, or we petition for growth and are blessed with the gift of grace. He may bestow upon us conviction and confidence as we strive to achieve worthy goals” • As those charged with Leadership and Governance, we cannot say it is impossible to achieve an annual turnover of R400m in 2015, that is a given. • We cannot say a mall will not be achievable in Bapong. There is a mall in Moruleng and the retail survey say it is possible. • We cannot say it is impossible to have a stadium. • We cannot say it is impossible to have office parks and town houses. • We cannot say it is impossible to develop proper roads for the Bapo Community. Through a clear vision, strategy and hardwork all is achievable. We will be doing strategy sessions across the community in order to make sure that we are all understanding where the future is and that together we can achieve. We will go through the length and breath of our community and mobilise support for the positive and better future. Viva brand Bapo Viva! Wishing you all a blessed day Ditlou! Lehlohonolo Nthontho CEO Bapo Ba Mogale Investments NPC
Posted on: Sat, 10 Jan 2015 05:56:13 +0000
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