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Austrian investor eyes Tati Nickel

Golden years: Tati Nickel was the bastion of the Francistown economy prior to 2016
Golden years: Tati Nickel was the bastion of the Francistown economy prior to 2016

Austrian mogul, Cevdet Caner, is exploring the possible purchase of Tati Nickel, the base metal mine that closed in 2016 as part of the wider BCL Ltd group.

According to information shared by the presidency on Wednesday, Caner met with President Mokgweetsi Masisi, Minerals and Energy minister, Lefoko Moagi, and other senior government officials on Tuesday.

Caner’s wholly owned investment group, NIU Invest is reportedly studying a possible offer to buy Tati Nickel, Moagi told state television in a brief interview. The minister said further details of the proposed deal could not be revealed as discussions continue.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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