BMC seeks another P300 million bailout
Friday, July 31, 2015

Last week, Parliament’s finance and estimates committee chaired by Ignatius Moswaane, tabled a financial paper requesting for supplementary expenditure for the consolidated and development funds.
The paper is expected to be debated in Parliament next week.
We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...