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.
The A1 highway, stretching from Ramatlabama to Ramokgwebana, is the backbone of Botswana's transport network. It carries passenger buses, private vehicles, haulage trucks and cross-border commercial traffic linking Botswana with other SADC countries. Yet, despite its strategic importance, the road remains narrow, congested and increasingly dangerous.Successive governments have acknowledged the need to upgrade the A1 into a dual carriageway....