KRDA-Cash Bazaar deal is transparent- Monageng

The recent deal between the Kweneng Rural Development Association (KRDA) and Cash Bazaar Holdings was transparent and all stakeholders were consulted, says KRDA Chairman Shima Monageng.

"We want to make the deal as transparent as possible. We are not into secret deals," Monageng says.
Under the deal, ownership of the land will revert to the KRDA after 35 years. The KRDA will then develop the property to recover their investments.
Monageng says if Cash Bazaar still wants to lease the plot further after 35 years, the agreement can be extended for another 25 years for P9 million.


The proposal was presented to the Kweneng leadership forum for approval. The forum comprises members of parliament in Kweneng and senior local government and council officials. Kgosi Kgari Sechele III is a member of the forum.
Monageng admits that not all Kweneng MPs attended the briefing; but he emphasised that all present at the leadership forum gave the deal a nod and embraced it as good business for the tribe.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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