Rollers, Stanbic renew ties with P4.5m deal
Tuesday, December 06, 2022 | 620 Views |
Stanbic Bank CEO, Chose Modise(centre) handing over a cheque to Rollers president Jagdish Shah (right) and Bennet Mamelodi PIC: MORERI SEJAKGOMO
Stanbic Bank has been Rollers' premier sponsor since 2016 when the two entities got into a P3.6 million contract. The deal was renewed in 2020 with an increase to P4.5 million for another three years.
Speaking at a launch held this (Tuesday) morning, Stanbic Bank Botswana CEO, Chose Modise said the new partnership is evidence that the commercial bank has committed to the development of sport in the country.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...