Lobatse, Selebi-Phikwe cooperatives form partnership

SELEBI-PHIKWE: The Selebi-Phikwe miners’ Savings and Credit Cooperative Society (SACCOS) and its Lobatse counterpart, Itshetseng Savings and Credit Cooperative Society on Saturday concluded negotiations to form a joint venture to improve their economic standing.

Both societies have engaged their legal advisors to draft the agreement that will govern this partnership.

Outgoing Selebi-Phikwe SACCOS chairman Western Ebepile said both societies have agreed to be joint owners of a shopping complex bought at a cost of P4 million in Lobatse. He said the overall management and control of the business of the joint venture would be vested upon the management board of both societies.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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