Citizen firms eye BCL stake in Pula Steel
Thursday, August 11, 2016
Pula Steel
Speaking in an interview, Pula Steel chief executive officer, Ranvir Kumar Verma said his cash-strapped company has already applied for funding from an international financier.
“We have already written a letter of intent to BCL and as one of the requirements for that funding is a letter of approval from BCL as the major shareholder,” he said.
That should concern every Motswana. The implications extend far beyond cattle and farmers. Botswana’s beef industry is a critical pillar of the economy, supporting thousands of households and sustaining businesses along the value chain.The loss of access to lucrative export markets has already demonstrated how quickly an animal-health crisis can become an economic crisis.This is, therefore, not the time for complacency, blame, or political...