mmegi

Investor leaves Eleven Angels

Changes: Mpatane confirmed Kgathola’s departure PIC: PHATSIMO KAPENG
Changes: Mpatane confirmed Kgathola’s departure PIC: PHATSIMO KAPENG

FRANCISTOWN: Eleven Angels coach and owner Seemo Mpatane has confirmed that businessman, Peter Kgathola has divested from the club, five months after he was unveiled as an investor.

Earlier this week, MmegiSport learnt that Kgathola who was brought in amid much fanfare, no longer holds any shareholding at the club. In April, Kgathola was allocated 50% ownership of the club while Mpatane retained a 50% stake.

Before Kgathola’s arrival, Mpatane enjoyed sole ownership of the club. However, CIPA (Companies and Intellectual Property Authority) records have now allocated Kgathola the designation of former director. Records also show that Mpatane has since assumed full ownership of the club once again. Furthermore, CIPA records state that Kgathola officially ceased being part owner of the club last week Friday. Various sources maintain that Kgathola has not been involved in the affairs of the club for some time.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

Have a Story? Send Us a tip
arrow up