Delta Dairies to be liquidated
Wednesday, October 22, 2014
Going under: The milk company will be sold off to pay off creditors
Sigwele had tried in vain to stop the court from shutting down the company after it was put under provisional liquidation in August.
In granting orders that the milk company winds up, justice Rannowane said its finances were in a perilous state, and quoted various independent audit reports and numerous lawsuits filed by creditors against Sigwele’s company.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...