Atlas courts ABC minority shareholders
Wednesday, September 24, 2014
Atlas Mara has already snapped up 95,84 percent of ABC’s shares, paving way for the delisting of ABC Holdings from the local and Zimbabwe bourses, as the banking group transitions into a privately owned company.
ABC is the holding company for retail medium-sized banking entity, BancABC.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....