BOSETU praises PEUBO upgrade
Botswana Sectors of Educators Trade Union (BOSETU) president, Winston Radikolo has heaped praise on the board and management of PEUBO Investments (PTY) LTD for improving its services and business affairs.
Radikolo expressed his delight on the growth PEUBO has experienced over the recent years as he said they have taken a brave leap and taking calculated risks. This moves, as Radikolo said this strikes a balance between membership’s welfare and also growing the business.
“To the shareholders, I know most of the time we are itching to see results but if you want to grow as times we need to take certain calculated risks, so that we can get returns.
The business landscape has changed, the competition is customed, and we need to stay ahead of the trends. We need to be bringing more of product development ideas, more of innovation and if we want to survive, that is how we will survive,” Radikolo.
He was speaking at the PEUBO Investments’ Annual General Meeting (AGM) held in Avani Hotel in Gaborone on December 12, 2023. The gathering is a platform the shareholders and management to engage on the business affairs of the entity over a period of the last 12 years.
Radikolo cited that ‘success is no accident’ and said the recent PEUBO Investments’ achievement is a culmination of proper planning and effort from the management and board. “It was planned, it was due to hard work and it was due to perseverance and risk taking.
The learning about the process and a lot of sacrifices were all there, and all and above everything was commitment and that it’s why we are here,” he said.
Radikolo further commended the PEUBO management for well documented financial report as he said this echoes transparency and trust between the management, board and the membership. He highlighted this makes PEUBO Investments an entity one would want to associate with and in the long term, this would help improve the business affairs of the company.
Radikolo however said despite the recent growth at PEUBO Investments there is still room for improvement. He called on for more members and customers as he said PEUBO Investments should actively rival its competitors for more clientele.
“The 80% of the members that are utilising of our services it is not enough. We really need to get those people from our competitors because those services are expensive and I have never seen a micro lending (entity) that is it cheap as PEUBO, our interest rates are very very low, so we need to bring those people here” Radikolo said.
“It was planned, it was due to hard work and it was due to perseverance and risk taking. Winston Radikolo, BOSETU President.