Gov’t spends P515m on BCL property purchase

He said once government has bought the properties, former BCL employees and other Batswana would be given an opportunity to acquire them. He said as of now, the liquidator has received three acceptance letters from former employees of BCL and none of these have provided proof of funding.

“Former BCL employees had already been offered to purchase houses and those who had expressed interest to acquire housing had not yet been able to raise funds. The timelines for the liquidation process are too tight and may not afford interested former employees sufficient time to raise funds for the acquisition of the housing properties. “Therefore, government decided to remove the housing properties from the liquidation process. If this is not done, the Liquidator could still offer the properties to potential buyers in the open market.