Minnows and sharks at BBS moment of truth

Day of reckoning: Molefe, Showa and their attorney Mboki Chilisa recently at Lobatse High Court. PIC: MORERI SEJAKGOMO
Day of reckoning: Molefe, Showa and their attorney Mboki Chilisa recently at Lobatse High Court. PIC: MORERI SEJAKGOMO

A large proportion of BBS Limited’s shareholders gather this morning at Avani Hotel, following three weeks of a highly bitter boardroom battle. The first item on the agenda will be whether the meeting should go ahead or be adjourned, report Staff Writers, MBONGENI MGUNI & MPHO MOKWAPE

Botswana Building Society (BBS) shareholders today finally have their say in the troubles that have rocked the building society in recent weeks.

Ever since a highly public brawl broke out pitting managing director, Pius Molefe and company secretary, Sipho Showa on one side and the seven non-executive directors on the other, shareholders have watched, mouths agape, as a flurry of accusations, denials and counter-accusations have flown daily between the two camps.

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Editor's Comment
Shame on State looters

“Your and my legitimacy relies on fighting corruption, discrimination and seeking justice.”– Imam KhameneiThis is laid bare in the recently released Auditor General’s report of 2023. The report highlights that government was plundered off millions of pula in wasteful expenditure and irregular procurement at a time when the country was grappling for every thebe to save its citizens. The report reveals that millions set aside for the...

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