Barclays- bound Moleta quits BotswanaPost
Friday, March 06, 2015

Moleta
“ On behalf of the board of directors, I hereby confirm the receipt of the resignation of Botswana Post CEO, Pele Moleta. “At this stage there is no detail to share as the matter is with the appointing Authority, Minister of Transport and Communications,” read the statement. Market sources, however, say that Moleta is on his way to join Barclays Bank of Botswana as chief operations officer, a position they say has been offered to him to understudy Reinette van der Merwe and eventually take over as managing director of the bank.
According to industry sources, Moleta was headhunted by the Bank’s board in a quest to localise the post, which was delocalised two years ago when South African citizen, van der Merwe, took over the reins at the bank. Barclays appointed van der Merwe in September 2013 on a three-year contract, becoming the only bank among the top four to be headed by an expatriate. Contacted for comment on Wednesday, Barclays chairman Rizwan Desai declined to reveal any details, but said the bank, through the public relations department, will make a statement in due course on senior leadership appointments. Moleta has previous experience in the financial services sector having worked for First National Bank (FNBB) and Old Mutual.
This ruling is more than a technical legal decision it is a mirror reflecting the rot in the country’s procurement processes and governance.For far too long, government officials have twisted regulations to serve their interests, betraying the very citizens they are sworn to serve.The Judiciary’s rejection of this appeal is a timely reminder that corruption—no matter how deeply entrenched cannot indefinitely escape accountability. Yet,...