Mascom loses in Mascom Derby saga
Friday, March 03, 2023 | 3100 Views |
On Track: Mascom derby PIC: The Voice Newspaper
Mabua rushed to court to challenge the mobile telecommunications company from hosting Mascom Horse race, the popular event he believes is his brain child. The interdict comes after last month’s announcement by Mascom that it would be hosting the event elsewhere without him.
According to Mabua, the event is a joint venture between him and Mascom. Following several hours of trying to get the teams to negotiate and settle amicably, the parties failed and the matter was argued. Kebonang ruled that the matter was urgent and that with the race being Mabua’s brainchild, Mascom had no right to host a similar event.
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,...