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
Let the courts follow the money

“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...

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