Getbucks in a health financial position-De Kock

Andrew Maramwidze - BG reporter
Tuesday, 19 March 2019
Getbucks in a health financial position-De Kock

Getbucks Botswana has announced intentions to expand and continue to grow footprint across the country. The group’s condensed unaudited financial statements for the six months ended 31 December released this week indicates that GetBucks and its subsidiary is committed to optimise its resources and deliver optimum value to customers and stakeholders.

“The group will continue to focus on customer service excellence by bridging the gap in the market through financial technology,” said Martin De Kork, Getbucks Botswana Managing Director. GetBucks is a fintech group that embraces technology as a means to provide financial products and services to customers.

De Kork said the Group‘s forecasts and projections, taking account of reasonably possible changes in trading performance, remain positive.“The directors have a reasonable expectation that the group and company have adequate resources to continue in operational existence for the foreseeable future.” He said the directors have satisfied themselves that the group is in a sound financial position and that it has access to enough borrowing facilities to meet its foreseeable cash requirements. “The directors are not aware of any new material changes that may adversely impact the group,” De Kork said.

He said the last six-months of last year were a turning point in the development and re-positioning of the group.“ We maintained constant revenue over the past period, which prompted the group to embark in robust marketing campaigns, deploying of additional competent staff and motivating staff more with a view to improve the quality business operations and administration thereof in the future.”

As a result Getbucks’ loan book grew by six percent from June 2018, while the group assets increased by three percent at the end of the period from BWP 219 million in June 2018 to BWP 224 million in December 2018. Meanwhile the group has committed to making a lasting impact in the community through its social responsibility projects.

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