Molepolole: Open for Business

SHARE   |   Monday, 05 October 2015   |   By Staff Writer
Mafenyatlala mall Mafenyatlala mall

Commercial interests for the Bakwena community are in the custody of Bakwena Community Development Association (BCDA)-a community development trust previously known as Kweneng Rural Development Association (KRDA). The brigade component of KRDA was taken over by government in 2011 and is in the process of being transformed into a vocational training centre.
BCDA owns KRDA secondary school, petrol stations at Boikanyo (Molepolole-Thamaga junction) and another at Mafenyatlala, which was reopened last month after it was rebuilt for P8 million), horticulture plantations in Molepolole, Kopong and Letlhakeng.

Some Bakwena are furious that KRDA board sold one of the eucalyptus plantations in New Town for a song to a foreigner. The forced sale is said to have been caused by the financial quagmire KRDA found themselves in some 10 years ago, and were facing liquidation. BCDA Shima Monageng said such accusations are baseless because bids were called publicly and nobody responded. He said with the remaining plantation the board had resolved to allocate Anne Stine school for disabled children a five hacters plot, gave a piece to Molepolole sub landboard to allocate for construction of houses for police officers.

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"We are currently in negotiations with government to hand over the remaining over 100 hacters in the plantation in exchange for the KRDA bridgade plot near Mafenyatlala mall. Morafe has already agreed to the exchange. This would enable us to develop a proper CBD in the centre of the town," said Monageng. Following the succesful reconstruction and re-opening of Mafenyatlala filling station, Monageng said BCDA is now looking at developing the hotel and town houses to alleviate shortage of accomodation for government departments, private tenants and individuals.


Unlike the lease back basis/ model entered into between Nafprop and BCDA to develop Mafenyatlala shopping mall where a popular hotel by the same name used as a gateway to the Kgalagadi,use to sit Monageng said they want to find an investment partner to diversify their investment strategy.
KDC forms investment company
The formation of Kweneng Ventures (Pty) Ltd, a 100 per cent wholly owned subsidiary of Kweneng District Council has sparked fears that the municipality is creating competition against local businesses.  But KDC Chairman Jeffrey Sibisibi has allayed the fears, saying the company was formed to enable them to exploit business opportunities to generate revenue to finance the development of the district since government is struggling with meeting budgetary demands for the whole country. 
With a budget of close to half a billion pula KDC should be able to create opportunities for Kweneng Ventures. Sibisibi said KDC has a pool of professionals who will lend support to the company and a board made up of professionals from different sectors of the economy. He said such through such ventures they want to develop a multi faceted society with different arms for investment.

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He denied that Kweneng Ventures and BCDA have an overlapping mandate and are duplicating strategies. "No. We are not competing, we are complementing each other to develop Kweneng," he said. KDC has advertised the post of Chief Executive Officer for Kweneng Ventures (Pty) Ltd following the appointment of a board of directors.



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