Minnows and sharks at BBS moment of truth
Friday, April 30, 2021
Day of reckoning: Molefe, Showa and their attorney Mboki Chilisa recently at Lobatse High Court. PIC: MORERI SEJAKGOMO
Botswana Building Society (BBS) shareholders today finally have their say in the troubles that have rocked the building society in recent weeks.
Ever since a highly public brawl broke out pitting managing director, Pius Molefe and company secretary, Sipho Showa on one side and the seven non-executive directors on the other, shareholders have watched, mouths agape, as a flurry of accusations, denials and counter-accusations have flown daily between the two camps.
Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...