The Monitor :: BBís Parallel Probe At BCL Closure Most Welcome
Banners
Banners
Banners
Banners
Last Updated
Monday 17 December 2018, 16:18 pm.
Banners
BBís Parallel Probe At BCL Closure Most Welcome

On Friday, Business Botswana (BB)chairman, Lekwalo Mosienyane and his chief executive officer Dr Racious Moatshe issued a damning statement in reaction to cabinetís decision to close down the BCL Mine.
By Monitor Editor Mon 17 Oct 2016, 19:08 pm (GMT +2)
The Monitor :: BBís Parallel Probe At BCL Closure Most Welcome








From the tone of their release, BB seem to doubt the reasons advanced for the closure of the BCL and Tati mines. 

In their statement, BB say they have appointed their own task team to look into the BCL and Tati Nickel mines in order to  be better informed when they suggest a way forward.

This is, notwithstanding the fact that government has already appointed a liquidator to advise on appropriate measures to be undertaken to stem the losses that have been incurred in recent times. BB make it clear that what drive them into this parallel action with the liquidator is their concern that the decision to close these mines will have implications on the wider business community in both Selebi -Phikwe and across Botswana.

We would like to commend the BB for instituting their own investigations. 

There is no doubt that the BCL and Tati mines closure have become

Banners

a hot political potato, and where a matter has been hotly politicised like this one, often it is difficult for ordinary people to distinguish truth from fiction.

As such, a neutral entity such as BB’s decision to go to the bottom of the problem is what we all need to see and hear.In the same breath, we would like to urge BB to speed up and make the findings of their task team public as soon as they have completed their task.

Issues such as the debts of P3 billion to a South African mine, the cost of P8 billion to refurbish BCL machinery, the unpredictability of, or profitability of BCL, and many others associated with this controversy appear to have divided the opinions and it would be interesting to hear how they are explained from the neutral view and findings of a body such as BB.

 

Subscribe to our Newsletter
Banners
Banners
Banners


Editorial
Mon 17 Oct 2016, 19:08 pm
Mon 10 Oct 2016, 17:20 pm
Mon 03 Oct 2016, 11:46 am
Mon 26 Sep 2016, 11:36 am
Mon 19 Sep 2016, 11:48 am
Mon 12 Sep 2016, 11:35 am
Mon 05 Sep 2016, 11:16 am
Mon 29 Aug 2016, 11:36 am
Mon 22 Aug 2016, 11:28 am
Mon 15 Aug 2016, 14:37 pm
Mon 08 Aug 2016, 11:32 am
Mon 01 Aug 2016, 12:07 pm
Mon 25 Jul 2016, 12:49 pm
Wed 20 Jul 2016, 12:39 pm
Mon 11 Jul 2016, 12:59 pm
Mon 04 Jul 2016, 15:21 pm
Mon 27 Jun 2016, 12:34 pm
Mon 20 Jun 2016, 07:30 am
Mon 13 Jun 2016, 12:27 pm
Mon 06 Jun 2016, 12:40 pm
Mon 30 May 2016, 12:52 pm
Mon 23 May 2016, 11:58 am
Mon 16 May 2016, 12:29 pm
Mon 09 May 2016, 15:46 pm
Tue 03 May 2016, 15:23 pm
Banners
Banners
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Next
    Masa Centre
    ::: Monday 17 Dec - Monday 17 Dec :::
  • Previous
    Next
    Riverwalk
    ::: Monday 17 Dec - Monday 17 Dec :::
  • Previous
    Next
    Gamecity
    ::: Monday 17 Dec - Monday 17 Dec :::
Selefu
The NPF kinpins
Banners
Banners
resim y√ľkle