Gloomy future for Phikwe cooperative as BCL folds

BCL workers PIC: KAGISO ONKATSWITSE
BCL workers PIC: KAGISO ONKATSWITSE

SELEBI-PHIKWE: Selebi-Phikwe Miners Savings and Credit Cooperative Society (SACCOS) is facing an uphill battle to survive in the wake of the BCL Mine closure.

Mine employees, who will be jobless by the end of the month, contributed P2.9 million monthly towards SACCOS. Their counterparts at Tati Nickel Mine, who are facing the same predicament, contributed over P700,000 monthly.

Chairman of the Society, Thatayotlhe Mpule told a special general meeting convened by Department of Cooperatives that at the end of September this year over P61 million was disbursed as loans to members of which P45 million was borrowed by BCL employees while P11.2 million was lent to Tati Nickel employees. This was followed by Morupule branch with P3.9 million worth of loans and over half a million pula by Mupane Mine employees.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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