SADC-DFRC an important vehicle to help improve DFIs performance - Mr. Zakhele Lukhele

OPENING REMARKS BY ZAKHELE LUKHELE, MANAGING DIRECTOR OF SWAZILAND DEVELOPMENT AND SAVINGS BANK, AT MBABANE, SWAZILAND, 12 TH SEPTEMBER 2016

• SADC-DFRC REPRESENTATIVE
• PROGRAMME FACILITATOR
• TRAINING PARTICIPANTS FROM THE DIFFERENT DFIs

We welcome all participants for this week’s training programme. We extend special welcome to participants coming from other countries to our beautiful kingdom. Please make time to enjoy our refreshing scenery.  

It’s a given fact that the digital revolution and the information explosion of the past two decades has changed the face of business, and that the speed with which technology evolves and changes has only sped up in recent years.

This means that companies must be kept on their toes, and in order to maintain adaptability and flexibility in an ever changing world, the importance of continuous learning as a strategy for adaptation is impossible to overstate.

This week’s programme is Financial Modelling. This programme will improve our ability to evaluate historical, current or projected value or financial performance of a company. As lending institutions, this is an important part of our appraisal process so that we make informed decisions backed by scientific methods to ensure customers’ ability to honour their debts.

The improved skill in this area will see us having reduced defaults, bad debts or write-offs which has a negative impact on our profits because of increased provisions.

I would like to urge each participant to know what they want to achieve from this event, and why is that important to you and your organisation. It is only when we know what we want that we will strive to reach to it.

Let us take this opportunity to share best practices to augment our learning experience and embed it as common practice.

We trust the knowledge and experience that our facilitators have, and their ability impart it to each and every one of us here. Let us therefore have an open mind to receive new knowledge; otherwise the old adage