Liquidator speaks on BCL Group assets

Liquidator: Dixon- Warren
Liquidator: Dixon- Warren

SELEBI-PHIKWE: Government is expected to submit a claim as one of the creditors against BCL Mine to recover monies used to pay back a Barclays Bank loan, provisional liquidator Nijel Dixon-Warren said recently.

Government, which is a shareholder, would also lay claim to the money that was used to pay former employees terminal benefits as well as royalties, once the liquidation process is finalised.

The provisional liquidator administered the payment of terminal benefits on behalf of government and the debt now sits with government.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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