Kgori Capital tap runs dry
Friday, June 01, 2018
Its attorney, Busang Manewe has revealed this after the company put in an urgent application to be allowed access to part of its funds kept in its restrained account before Lobatse High Court judge, Justice Godfrey Nthomiwa.
Last month, the Directorate of Public Prosecution (DPP) made an application for restraining and forfeiture Orders in terms of Sections 39 and 11 of the Proceeds and Instruments of Crime Act. This is in relation to credit amount of P9,081,382.15 standing to the credit of the call account held by Kgori Capital with Stanbic Bank Botswana.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...