Hope springs for retrenched Boseto workers

Competition Authority CEO, Thula Kaira
Competition Authority CEO, Thula Kaira

The proposed purchase of the insolvent Boseto Mine hopped over the second of three regulatory hurdles on Friday, as the Competition Authority (CA) consented to the P330 million transaction.

The takeover bid for the mine near Maun, which is currently under provisional liquidation goes before the High Court today for final endorsement.

If granted, the ratification would pull the mine out of liquidation and provide hope to some of the 800 miners who lost their jobs in February. The provisional liquidation comes after Boseto’s parent company, Discovery Copper Botswana (DCB), was declared insolvent early this year.

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

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