CMB did not inflate Mascom stock - Okaile

Okaile PIC: MORERI SEJAKGOMO
Okaile PIC: MORERI SEJAKGOMO

Capital Managers Botswana (CMB) has presented its side of the story in a week in which Botswana Public Officers Pension Fund (BPOPF) sources are accusing the trouble-ridden asset manager of inflating Mascom stock in their valuation two years ago.

The accusations come in the wake of an attempt to sell part of Econet shares at Mascom to BPOPF.  In his counter argument, CMB managing director,  Rapula Okaile produced what he  claims to be the only correspondence shared with the BPOPF chief executive Office, Boitumelo Molefe, at the time, pointing to the contrary.

Rapula says the decision to share the confidential correspondence with Mmegi was due to recent spate of attacks on CMB and himself, through various media outlets by a certain element at BPOPF. 

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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