BPOPF set to terminate P3.9bn Kgori Capital contract
Friday, December 15, 2017

Bakang Seretse PIC. MORERI SEJAKGOMO
Kgori was thrown into the spotlight last week when Seretse appeared before the courts on money laundering charges before he was later released on bail. Seretse resigned from the company on Monday.
The Investment and Risk committees of the P60 billion Funds yesterday met to deliberate on the Kgori matter and recommended that the contract, which comprises management of listed equities, fixed income and cash, be terminated.
His horrific actions, betraying the trust placed in him to protect children have rightly been met with the full force of the law. Whilst we commend the court’s decision, this case forces us to confront uncomfortable truths about safeguarding our children and the lifelong scars such abuse leaves.Magistrate Kefilwe Resheng’s firm sentencing sends a powerful message that those who harm children will face severe consequences. Her words rightly...