Mr Mothusi Masole

Director, Funding

Mr Masole is the Director of Funding at the Human Resource Development Council (HRDC) and is responsible for leading, managing, directing, coordinating and supervising the funding mandate of HRDC. He is also responsible for ensuring that the department’s vision, work environment and Operations are in line with the overall mission, vision, values, strategies and goals of HRDC and provides expert guidance and advice on issues of funding.

He has a Bachelor of Arts degree in Social Sciences (Economics and Accounting) obtained at the University of Botswana (1994); Master of Business Administration Degree obtained in 2001 from University of Stellenbosch Business School in Cape Town, South Africa. And, a Professional Certificate in Education Finance, Economics and Planning obtained from the Witwatersrand University, Republic of South Africa in 2001. He is currently enrolled and studying towards attainment of Chartered Institute of Management Accountants (CIMA) professional qualification.

He has also attended short courses in the areas of business financial analysis, project management tools and techniques, public speaking, results based monitoring and evaluation techniques but to mention a few. He has twenty-two (22) years of working experience both in the private sector and public service. He started off his career in July 1994 as a trainee manager at Botsalo books. Then after a short stint in the private sector he joined the public service as a Loans Officer in May 1995 at the then Department of Student Placement and Welfare (now the Department of Tertiary Education Financing). He rose through the ranks of Senior Loans Officer, Principal Loans Officer, Finance Officer, and Senior Finance Officer within a period of nine (9) years. In April 2004, he was appointed to the Diplomatic Service and posted to the Botswana Consulate General office in Johannesburg South Africa as an Assistant Education Attaché and promoted in August 2005 to manage the Education section as an Education Attaché firstly in Johannesburg and later transferred to Pretoria. As an Education Attaché, he was tasked with the mammoth task of managing the financial and administrative functions of the Education Section including the budget and other resources through performing the following tasks:

  • Developing and reviewing policies and guidelines for the administration of Botswana government scholarships for students at various institutions in South Africa.
  • Establishing effective links with institutions and other regulatory bodies to ensure effective coordination and administration of the scholarship fund.
  • Assessment of institutions and programmes to ensure quality output and costs effectivess and recommendation to Botswana Government.
  • Tracking students’ academic progression, students’ academic progress analysis recommendation and reporting.
  • Managing and maintaining the Education section budget. Analysing expenditure against the budget and variance management and control.
  • Payment and management of Students tuition fees and monthly maintenance allowances of about R 3,500 000 (R 3,5 M) and control to ensure accuracy and efficiency of payments.
  • Maintaining the student advances/loan book (advances and recovery of the loans)
  • Maintaining the Education section database, preparing statistics and reporting for human resource planning purposes

He then joined HRDC (then Tertiary Education Council (T.E.C.) in October 2008 as a Financial Analyst. A position he held until June 2012 when he was appointed Manager, Institutional Funding and later re-designated to Manager Financial Analysis- Public TEIs. As a Manager Financial Analysis-Public TEI, Mr. Masole was tasked with the responsibility of carrying out comprehensive financial analysis of the tertiary education sector and making recommendations in order to facilitate for the future allocation of funds in accordance with Botswana’s developmental objectives and priorities and ensure value of money quality education. Some of his other key accountabilities included the following;

  • Carrying out research into tertiary educational costs and expenditures and preparing ratio analysis based on student/teacher numbers, facilities to develop models for the most cost effective financing of institutions.
  • Carrying out cost benefit and financial analysis of various programmes, economies of scale, etc to optimise returns on education spending and ensure quality education.
  • Carrying out detailed analysis to determine return on investment in tertiary education spending in order to recommend appropriate prioritisation.
  • Reviewing institutional costs and expenditure and initiating ratio analysis to ensure objective financial allocations.
  • Collecting and compiling unit cost data and other financial data to ensure accurate computation of unit costs of the various institutions.
  • Taking part in the review of unit cost information as submitted by institutions to ensure consistency in spending and preparation of comparative reports accordingly.