How Mascom lost the 'Derby'
Monday, March 06, 2023 | 940 Views |
Chalegwa Mabua and his lawyer in court PIC: PHATSIMO KAPENG
In one corner were Chalegwa Mabua and his company, Botsepa Agencies (Pty) Ltd trading as Ngami Horse Racing while on the other corner stood Mascom Wireless.
Mabua and his company approached the court on urgency after the mobile phone company dumped him and his Shashe Race track for a different venue and technical sponsor. Physically in court, Mabua came alone with just his three attorneys, Njiramanda Mbewe-Boatey, Dr Bernard Tubego-Bulawayo, and Kukie Hirschfeld.
These are not ordinary times. Yet, history reminds us that this nation has navigated difficult waters before and did so by clinging firmly to the principles of prudence and macroeconomic stability. From independence in 1966, Botswana chose a path few resource-rich countries managed to sustain. Diamond revenues were not treated as windfalls for reckless expansion, but as capital to be managed with caution. The establishment of fiscal rules,...