Sale of Pula Steel kicks off
Friday, November 23, 2018
Built at a cost of P130 million, the company operated in fits and starts due to financial and technical challenges, including shortage of its raw material.
The company, majority owned by BCL Mine and with shareholding from CEDA and founders, the Verma family, was placed in liquidation last October, owing creditors an estimated P100 million. This week, WH Auctioneers, a South African firm experienced in disposals involving liquidations, announced that bids were now open for Pula Steel.
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...