The bright star that turned BCL�s wine into water
Friday, October 28, 2016
BCL Mine has become a shadow of its former self PIC: KAGISO ONKATSWITSE
From his first day in office, Mahupela stepped into big shoes. From 2003 to 2010, his predecessor, Montwedi ‘Monty’ Mphathi had heroically steered the ship away from the rocks, keeping BCL afloat through turbulent periods that included the global financial recession.
Mphathi’s strategy of saving cash reserves during boom years, and cutting costs while raising production during bust years, had left a healthy treasure chest of approximately P3.6 billion in BCL mine’s bank books when Mahupela arrived on the scene.
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...