Minnows and sharks at BBS moment of truth

Day of reckoning: Molefe, Showa and their attorney Mboki Chilisa recently at Lobatse High Court. PIC: MORERI SEJAKGOMO
Day of reckoning: Molefe, Showa and their attorney Mboki Chilisa recently at Lobatse High Court. PIC: MORERI SEJAKGOMO

A large proportion of BBS Limited’s shareholders gather this morning at Avani Hotel, following three weeks of a highly bitter boardroom battle. The first item on the agenda will be whether the meeting should go ahead or be adjourned, report Staff Writers, MBONGENI MGUNI & MPHO MOKWAPE

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.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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