Sir Ketumile gives evidence

Masire is a cattle baron and a feedlotter. He is expected to explain whether the government owns BMC or not.A number of individuals have appeared before the Reatile Committee to give evidence about events at the BMC. One of them, another cattle baron and former BMC board member, Phillip Fischer, has told the committee that the government only directs BMC on matters of public interest and cannot claim profits from the BMC.

Fischer said as a statutory corporation without share capital, the BMC has no shareholders but is subject to the will of Parliament in terms of amendments to the BMC Act. "The BMC, therefore, is neither owned by government nor by producers but notionally owns itself," said Fischer.