Masire's company under the hammer

Tuesday, February 23, 2010

Property belonging to GM Five, a company owned by former president Sir Ketumile Masire has been placed under the hammer. The National Development Bank (NDB) last week placed an advertisement in the local newspapers, stating "an intention to auction property at GM Five Pty (Ltd)".

The property that will be auctioned includes 2000 head of cattle from Chobokwane farms: Farm No. 9, Farm No. 8, Farm No. 2Mk comprising of 5s and 5n, Farm No.7n, Farm No. 4mk, and Farm No. 6.

The public auction is scheduled for March 6. An officer at NDB confirmed yesterday that they are on schedule unless changes occur during the course of the week.

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Masire's company under the hammer

Property belonging to GM Five, a company owned by former president Sir Ketumile Masire has been placed under the hammer. The National Development Bank (NDB) last week placed an advertisement in the local newspapers, stating "an intention to auction property at GM Five Pty (Ltd)".