Inside the complex web that ran KFC
Friday, September 02, 2016
Following an urgent petition by First National Bank of Botswana (FNBB) over a P41 million debt, KFC Botswana was placed under provisional liquidation on June 2, 2016 with the provisional liquidator, Nigel Dixon-Warren later determining the franchise’s total creditors at P106 million.
Lead petitioner, FNBB was this week successful in its bid to have all the four companies liquidated including one that the bank claimed was used as a conduit to divert funds from the franchise.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...