Three in the race, as Pula Steel auction ends

A new owner is due to be announced
A new owner is due to be announced

The new owner of Pula Steel will be announced soon from a “mixed” field of three local and international bidders who had their names in the hat ahead of the January 31 deadline, BusinessWeek has learnt.

While four bidders paid the deposit required to secure documents related to the sale, only three ultimately submitted bids for the mothballed steel plant based in Selebi-Phikwe.

On Wednesday, Pula Steel liquidator, John Hinchliffe told BusinessWeek that evaluation of the bids was ongoing, with the winning investor required to pay 20% of the winning bid, within 30 days of the award. The identity of the winning bidder will only then be revealed.

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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