Cooperatives chief vows to crack the whip
Tuesday, February 03, 2015
Speaking during Selebi-Phikwe miners Savings and Credit Cooperative Society (SACCOS)’ Annual General Meeting (AGM) on Saturday at the Town Hall, Otlhabanye said he would not be afraid to take proper action including closing them.
He said he is deeply concerned about the way some cooperatives are run with some committee members who do not consult with members but run the societies as their personal property.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...