Kweneng Council in P15m investment loss fears

Friday, October 09, 2020

Gaborone High CourtPIC: MORERI SEJAKGOMO

Kweneng District Council is battling to recover a P15 million investment from the assets investment manager, Blu Thorn Fund Managers.

The amount is reportedly petitioned before the High Court for an order to be placed under provisional liquidation.

The council through the Letlhakeng Sub- District Council is reported to have invested the money on Dec 17, 2019 with the sole purpose of cashing out on an investment return, estimated around P300,000 at a quoted interest rate of 8.25%.

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