Mascom board resists millionaire founder's 'comeback' bid
Friday, March 08, 2019
The proposed deal has reportedly displeased sections of the Mascom board, which is dominated by representatives of the Botswana Public Officers Pension Fund (BPOPF).
On Tuesday, a Bloomberg report said MTN’s stake, acquired in 2005 is about 53% and worth up to P3.2 billion. Bloomberg did not report the identity of the proposed purchaser of the shares. Mascom’s shareholding is a complex affair with available information indicating that while the BPOPF holds the majority directly, MTN is in the majority indirectly.
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...