Phikwe miners SACCOS accounts frozen


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.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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