Consumers snap up S/Phikwe co-op stock

No Image

SELEBI-PHIKWE: Members of the public snapped up P300,000 worth of Selebi-Phikwe Consumers' Co-operative Society's stock as the beleaguered organisation cleared inventory at branches that were recently closed.

The Deputy Commissioner for Co-operative Development, Motse Othabanye, recently ordered the co-op closed after an investigation revealed that the organisation owed P2.5 million to various creditors.

Othabanye also ordered the co-op to lease its branches, draw up a payment plan with creditors and retrench staff while he froze the society's bank accounts.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up