Coops Join Hands To Invest In Property

Four cooperatives have invested in the residential property market
Four cooperatives have invested in the residential property market

SELEBI-PHIKWE: Four cooperative societies have joined forces to buy land near Phakalane in Gaborone for development of a multi-residential property in a bid to diversify and move away from being consumer-orientated.

The four are Selebi-Phikwe, Bobonong, Motswedi and Ditswammung, cooperative societies. The latter two are        from Gaborone,

Botswana Cooperatives Association vice chairperson Tebogo Venson said during an interview that they jointly acquired a P4 million plot to build residential houses for rental. “It is a multi-million pula project. It consists of 52 plots valued at P30 million. The project would undoubtedly improve profits for our members,” he said.

Editor's Comment
Get back what was stolen, and lock the door

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...

Have a Story? Send Us a tip
arrow up