Barclays headhunts Moleta for CEO post

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BotswanaPost CEO Pele Moleta is on the verge of joining Barclays Bank Botswana as chief operations officer, a position market insiders say has been offered to him to understudy Reinette Van der Merwe and eventually take over as managing director of the bank next year.

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.

“Moleta was supposed to have started his duties at Barclays Bank Botswana this month but is still at BotswanaPost waiting for the Minister of Transport and Communications to release him,” said the source.

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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