NDB stops giving loans
Wednesday, March 11, 2015
NDB CEO Morapedi
Sources have disclosed that the bank is likely to declare a loss of between P10 million to P15 million.
Contrary to the bank’s claim of a clean bill of health, a special general meeting was held to communicate the opposite on January 14, 2015. The bank management specifically announced to staff that due to a lack of funds, loan disbursements in respect of all products were being stopped.
The Speaker, Dithapelo Keorapetse, delivered a judgment on the allegations made by Moswaane regarding an influx of substandard medicines into the country. After reviewing a dossier of evidence, including savingrammes, letters from BOMRA, and even a death certificate, the Speaker concluded that the Minister was guilty of grave exaggerations.The ruling did not dismiss Moswaane entirely though. It acknowledged that some medicines had been recalled,...