Transporter dejected by Competition Authority�s embargo

Contract between 4MS and KBL was said to be coming to an end soon PIC: MORERI SEJAKGOMO
Contract between 4MS and KBL was said to be coming to an end soon PIC: MORERI SEJAKGOMO

Local transport company, 4MS Group Holdings yesterday expressed its disappointment at the Competition Authority (CA)’s decision to block its deal with Transport Holdings. The CA on Friday announced it had blocked a bid by South African company, Transport Holdings to buy 4MS citing competition and public interest concerns.

4MS finance director, Michael Stoneham yesterday told Mmegi Business that the decision by CA to block the deal poses major challenges for the cash-strapped company.

“Like we said before, we are in financial doldrums and we are looking to sell our assets since our business is no longer sustainable,” he said.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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