Africa-Press – Botswana. The board elections for Babereki Savings and Credit Co-operative Society (SACCOS) have been postponed to October.
The elections were set to be held on Saturday during the co-operative’s elective special general meeting in Gaborone.
The resolution to postpone the elections emerged from the Babereki SACCOS general membership, with 104 members agreeing that the current leadership be allowed to continue with their mandate until the next annual general meeting in October, while 54 were against the decision to postpone elections.
Giving a word of encouragement during the general meeting, Gaborone regional officer for co-operatives, Mr Motsumi Keatlhotswe encouraged members of the Co-operative to continue to play an active role towards activities that would continue to build the momentum of their co-operative.
He said members should understand that they were the supreme board of the co-operatives, as such their resolutions influence and shape the mandate of the co-operative.
Mr Motsumi also emphasised the need for the management of the co-operative and members to always keep accurate records for informed decision-making.
“This is a new co-operative, but I am happy with the levels of professionalism you have kept since inception, and there is still more room for growth, especially since it is for public service employees across the country,” he said.
Mr Motsumi further cautioned on scouting and recruiting new members, saying those responsible for the task should always be vigilant so as to avoid disputes with other co-operatives.
He also implored the board Committee to always scrutinize the investment mode they engage in, saying some of the investment channels looked lucrative but in the long run do not benefit Co-operative members satisfactorily.
He further expressed the need for the SACCOS members and leadership to familiarise themselves with the Financial Intelligence Act of 2022, so as to know what the law expects when dealing with co-operative monetary issues.
For his part, Babereki SACCOS board chairperson, Mr Ikko Sebilo noted that the co-operative had managed to penetrate the industry despite it was being relatively new.
He said currently the co-operative had a total of 2 157 members and it was among the top five SACCOSs in the country in terms of membership base.
Mr Sebilo encouraged continuous constructive teamwork among members, saying it was one of the measures that carried the co-operative thus far.
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