Gov’t spends P515m on BCL property purchase

BCL Houses
BCL Houses

After former BCL Mine employees failed to purchase BCL houses, government has decided to buy 1,576 properties at the cost of P515 million. Speaking to Parliament recently, the Leader of the House, Vice President Slumber Tsogwane revealed that government decided to cushion former BCL employees from the risk of losing the opportunity to acquire the properties.

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.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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