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Batswana deserve a foothold in the finance industry - part 1

The continued persecution of Kgori Capital (Pty) Ltd by the Directorate of Public Prosecutions (DPP), in spite of the Court of Appeal (CoA) ruling, bears the hallmarks of not only a malicious prosecution but also, a modern-day economic hit.

It is significant that Kgori Capital seized territory which was, until its arrival, an exclusive reserve of foreign asset managers.  The company became the fastest growing asset manager in Botswana and a formidable threat to other managers.  The malicious prosecution is in part an attempt to keep the company away from the honeypot kept for foreign firms.  Shutting Batswana out of their own economy, by use of malicious prosecution, is completely immoral, and treasonous.   And it is high time we address this decade old problem.

Statistics as regard Batswana’s participation in the finance industry are shocking and downright embarrassing.  After fifty plus years of independence, Botswana has no indigenous Bank; either commercial or investment.  Only recently, did we reluctantly warm up to indigenous asset management firms like Kgori and thereafter the Morula’s of this world. 

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Editor's Comment
DIS must correct costly stalemate

More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...

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