Major EU firm snaps up stake in Phikwe Citrus
Friday, April 18, 2025 | 940 Views |
Ramping up: The Phikwe Citrus Project has attracted a major new investor PIC: SPC FACEBOOK
According to available public records, SPC is 75.58% owned by Zapemm B.V., with the balance held by local business tycoon, Ramachandran Ottapathu.
The deal is set to provide a powerful boost to SPC’s ambitions of expanding its operations and deepening Botswana’s footprint in international agricultural markets.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...