SA firm set for Pula Steel takeover

Pula steel
Pula steel

A South African firm has emerged as the bidder favoured to take over Pula Steel, ending nearly two years of legal wrangling over the country's pioneering steel plant.

The Verma family, who founded Pula Steel in 2015 and held 22% equity at its liquidation in October 2017, recently dropped their long running fight to regain control of the Selebi-Phikwe plant.

During the battle, the Vermas alleged they had been muscled out of Pula Steel by a conspiracy involving other shareholders and senior government officials. 

Editor's Comment
Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

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