Phikwe miners SACCOS accounts frozen

Friday, December 07, 2018

SELEBI-PHIKWE: Selebi-Phikwe Miners Savings and Credit Cooperative Society’s bank accounts have been frozen and loans suspended with immediate effect while extensive investigation is ongoing to determine if there has been any misuse of resources particularly on expenditure.

SPM SACCOS has been facing operational challenges following the BCL and Tati Nickel Mines closure in 2016 and had membership drop from 2,280 to the current 694, thus seriously affecting its cash-flows that threatens its survival.

In a bid to save and maintain the Society, the Department of Cooperative Development conducted two consecutive audits for 2016 and 2017 and a subsequent inspection for the period up to August this year.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

BERA mourns Mogae

correspondent | 18 h ago

Ncojane P1.5 billion water tender blocked despite CoA approval

Innocent Selatlhwa | 23 h ago

Mogae legacy unites Serowe community

Tsaone Basimanebotlhe | 23 h ago

Serowe honours Mogae

Tsaone Basimanebotlhe | 23 h ago

From the highs of Gaborone to the lows of Accra

Mqondisi Dube | 23 h ago

National Stadium braces for FA Cup semis warfare

Kabelo Boranabi | 23 h ago

Temperatures boil at BFA

Mqondisi Dube | 23 h ago

Babitseng off to Harare to take up COSAFA post

staff writer | 23 h ago

Academic cheating must be rooted out

If the allegations are proved, the educator in question stole not only an exam but also the future of honest students who studied hard.The Ministry of Higher Education acted correctly by suspending the Special Education paper at both Tlokweng and Serowe colleges, as reported elsewhere in this edition.Yet stopping one examination is a short-term fix for a problem that is spreading dangerously across the country.The 2025 Botswana General...

The Monitor Editor | 12 May 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.