Transporter dejected by Competition Authority�s embargo

Wednesday, January 18, 2017

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.

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Transporter dejected by Competition Authority�s embargo

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order