Gloomy future for Phikwe cooperative as BCL folds

Mine employees, who will be jobless by the end of the month, contributed P2.9 million monthly towards SACCOS. Their counterparts at Tati Nickel Mine, who are facing the same predicament, contributed over P700,000 monthly.

Chairman of the Society, Thatayotlhe Mpule told a special general meeting convened by Department of Cooperatives that at the end of September this year over P61 million was disbursed as loans to members of which P45 million was borrowed by BCL employees while P11.2 million was lent to Tati Nickel employees. This was followed by Morupule branch with P3.9 million worth of loans and over half a million pula by Mupane Mine employees.