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
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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