Seretse�s Kgori shares to go to employees

Thursday, February 01, 2018

Bakang Seretse and Botho Leburu PIC. THALEFANG CHARLES

The 31 percent stake in Kgori Capital held by its former manager and founder, Bakang Seretse will likely find its way into the hands of employees at the asset firm, Mmegi has learnt.

Seretse resigned from the firm late last year after he was charged with money laundering in connection with transactions and dealings with companies unrelated to Kgori Capital. Kgori Capital currently has assets under management of about P1 billion.

This morning, Kgori’s new managing director and fellow founder, Alphonse Ndzinge said Seretse was no longer affiliated with the company in anyway and the shares he previously held were up for grabs.

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Seretse�s Kgori shares to go to employees

The 31 percent stake in Kgori Capital held by its former manager and founder, Bakang Seretse will likely find its way into the hands of employees at the asset firm, Mmegi has learnt.