Three in the race, as Pula Steel auction ends

Friday, February 15, 2019

The new owner of Pula Steel will be announced soon from a “mixed” field of three local and international bidders who had their names in the hat ahead of the January 31 deadline, BusinessWeek has learnt.

While four bidders paid the deposit required to secure documents related to the sale, only three ultimately submitted bids for the mothballed steel plant based in Selebi-Phikwe.

On Wednesday, Pula Steel liquidator, John Hinchliffe told BusinessWeek that evaluation of the bids was ongoing, with the winning investor required to pay 20% of the winning bid, within 30 days of the award. The identity of the winning bidder will only then be revealed.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Aflame: Part of Kgale SuperSpar was damaged during the January blaze PIC: FACEBOOK

Kgale Spar reopens after blaze

Staff Writer | 4 h ago

Sebego stands for BFA presidency

Larona Makhaiza | 5 h ago

Motion of no confidence ejects netball exco

Correspondent | 1d ago

Gaborone giants face diamond sides in FA Cup quarterfinals

Kabelo Boranabi | 1d ago

Morapedi heaps praise on Gaolaolwe

Larona Makhaiza | 1d ago

Den makes winning return for Kopong200

Kabelo Boranabi | 1d ago

No two ways; marathons must be regulated

Mqondisi Dube | 1d ago

Sweet revenge as Nawa clinches J30 Singles title

Calistus Kolantsho | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More