Mupane bidders in settlement talks after CoA clash?

The battle to takeover Mupane has raged since at least June when the liquidator, Kopanang Thekiso, closed the period for offers to be submitted. Nova Africa, with an offer of $21 million got the greenlight from creditors in August, but another joint venture, Ulsan Botswana, has challenged the decision, claiming several technical irregularities.

Ulsan subsequently won a High Court decision interdicting the award to Nova, but the latter equally secured leave to appeal that decision to the Court of Appeal. On Monday, the two parties, including the liquidator, met at the Court of Appeal where judgment was reserved for December 9.