Gaolathe's link in BPOPF saga

Friday, April 20, 2018

It has since emerged that Gaborone Bonnington South MP, Ndaba Gaolathe is on the payroll of Tim Marsland, who is one of the key players involved in the country’s highest profile capital market dispute.

The dispute revolves around more than P400 million of public pension fund assets currently being fought over at the High Court.

By his own admission, Gaolathe has confirmed that he has entered into a technical and strategic partnership agreement with Fleming Asset Management Botswana. This was after Fleming sold out to Capital Management Africa (CMA) owing to the Stanbic Bank scandal. The Competition Authority (CA) merger notice No. 12 of 2017 also shows that CMA acquired 100% issued shares in Fleming from Robert Fleming Botswana Holdings and Starfish.

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