The parties this week through a consent order agreed on the postponement of the matter so they can keep their house in order and file necessary documents.
The appearance at the Court of Appeal comes after the regulatory authority filed urgent papers seeking the review of High Court’s dismissal of its bid to place CMB under statutory management. Appearing before Judge President Ian Kirby, the parties after being locked in numerous meetings agreed for the appeal to be heard on July 12 and 15, 2018 and parties given timelines to have filed their papers. Kirby said the appeal was postponed and the Registrar will call the parties to settle the security costs. “The case shall be heard on scheduled days and parties are advised to file their papers accordingly to avoid any delays. Parties are also to settle security costs before the commencement of the appeal,” he said. Kirby also said all other applications and issues raised in regard to the judgement shall be addressed in one consolidated appeal. Meanwhile, NBFIRA through this court battle is aiming to secure the establishment of a precedent in the matter, which revolves around P422 million fought over between CMB and the Botswana Public Officers Pension Fund (BPOPF).
