Lobatse Clay Works grinds to a halt after failed P60m deal
Friday, May 18, 2018
Lobatse Clay Works, which has a workforce estimated at 500, was due for a P60 million cash injection by the Botswana Opportunities Partnership Fund (BOP) which would have taken up 80% equity in the 26-year-old company. The iconic firm, which is wholly-owned by the Botswana Development Corporation (BDC), has been in financial stress for several years and the BOP was seen as a timely investment.
The Fund, established by Capital Management Botswana (CMB) and funded by the Botswana Public Officers Pension Fund (BPOPF), is the subject of a hostile battle between the two former partners which now awaits a Court of Appeal decision in June.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...