Mmegi

Mupane creditors grow uneasy as appeal drags on

The delay has raised concern among creditors
The delay has raised concern among creditors

Creditors of Mupane Gold Mine face a prolonged wait for their dues, as the legal battle over the sale of the liquidated assets drags on despite an earlier court-ordered expedited hearing in December.

The creditors are owed more than P345 million, including about P49 million due to workers represented by the Botswana Mineworkers Union (BMWU), yet the matter remains unresolved months after it was escalated to the Court of Appeal (CoA).

Following the delay, Lawyers representing the preferred bidder, Nova Africa, this week formally wrote to the court, raising concerns about the matter and warning that the continued lapse risks undermining the intent of the expedited order.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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