BCL liquidator asks SA court to nullify Nkomati deal
Tuesday, March 14, 2017
In 2014, BCL announced an agreement to buy 50% in South Africa’s Nkomati Mine from Russia’s Norilsk Nickel, a deal that only received regulatory approval from the minister, Mosebenzi Zwane last September, but never materialised as BCL was placed under liquidation a month later.
With the liquidator having declined to accept Norilsk Nickel as a creditor since last October, it is understood he has now gone a step further and filed for a judicial review of the SA minister’s approval arguing such authorisation should not have been granted as BCL did not fulfil the requirements to be a shareholder in the South African mine.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...