Choppies enters choppy waters after volatile EGM
Friday, September 06, 2019
By Thursday evening, the market was agog with speculation and rumours. The auditors, PricewaterhouseCoopers resigned, the banks are calling in loans, the chief financial officer quit. All the reports difficult to verify, but even if totally untrue, are symptomatic of the nervousness that has gripped sections of the market following the explosive, marathon extraordinary general meeting (EGM) on Wednesday.
Suspended CEO, Ramachandran Ottapathu romped to victory in the EGM securing a near-‘dream board’ for himself, comprising close ally, Farouk Ismail and two of his chosen nominees.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...