Due diligence ongoing at BCL

Dixon-Warren
Dixon-Warren

SELEBI-PHIKWE: The due diligence exercise is currently underway at BCL Mine as a takeover deal by prospective buyers of BCL from Dubai is nearing conclusion.

Provisional liquidator, Nigel Dixon-Warren said the exercise is expected to conclude by the end of this month. This brings hope that the takeover deal will be sealed soon and in turn revive the Mine and the local economy.

The due diligence exercise is necessary for the buyer to familiarise himself with every aspect of the Mine and that includes the state it is in as well as the costs involved.

Editor's Comment
UDC gov’t should avoid past regime’s pitfalls

High Court Judge, Michael Leburu, said it was a fallacy for the State to say the funds being interest from the funds taken from Seretse and his companies, Khulaco (Pty) Ltd, M & B Properties (Pty) Ltd, belonged to the bank not him to play claim to it.The story presents baffling yet wasteful realities under the previous regime. While litigation by governments is important for upholding the rule of law, ensuring accountability, and fulfilling legal...

Have a Story? Send Us a tip
arrow up