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Heka S 'Dirty ' Leaks A REFINED READ A REFINED READ stop gender : @THEBWRBOTSWANA : FACEBOOK.COM/THE BUSINESS WEEKLY & REVIEW based : @THEBWRBOTSWANA : FACEBOOK.COM/THE BUSINESS WEEKLY & REVIEW violence FRIFRIDAYDAY 1130 SE OCTOBERPTEMBER 20202020 -- 0517 NOVEMBERSEPTEMBER 20202020 VOL. 2 ISSUE #319#312 VAT#:VAT#: C31201701111C31201701111 PRICE:PRICE: BWP 10.50 (Inc. VAT) BATTLEMatsheka OF THEtackles MIGHTY ‘dirty Have a valid Money’…As TAFA, DESAI leaks FACE-OFF Purchase Order that • presents a Bill to plUg holes With tighter controls needs financing? IN WHAT PROMISES TO BECOME THE BIGGEST COMMERCIAL LEGAL BATTLE EVER, No Problem. TWO OF BOTSWANA’s fINEST CORPORATE ATTORNEYS, ALSO FORMER PARTNERS Have a valid AT COLLINS NEWMAN & CO, PARKS TAFA AND RiZWAN DESAI, FIND THEMSELVES Purchase Order that HAVING TO LOCK HORNS IN THE MULTI-BILLION PULA LOTTO TENDER CASE. Standardneeds financing? THE HIGH ROLLERS ARE FORMER COLLEAGUES OF IMMENSE EXPERTISE IN No Problem. CORPORATE LAW WHOSE ADDICTION TO SUCCESS IS AS HIGH AS THE STAKES Chartered PO IN THE CASE. STAFF WRITER KEABETSWE NEWEL REPORTS Financing offers STORY ON PAGE 03, 04, 05 & 08 yourStandard business: Chartered PO • FinancingFinancing upoffers to 6 yourmonths business: • No financial • submissionFinancing up - to 6 onlymonths 6 months • bankNo financial statements requiredsubmission - • Cessiononly 6 months of Paymentbank statements used as collateralrequired It’s• Cession simple. We of take care of Paymentthe details to used power as yourcollateral business ambition. For more information talk to yourIt’s simple.Branch, Relationship We take care Managerof the details or email to power How Pelaelo & Co. let StanbiC run amok [email protected] business ambition. story on pages 03, 06 &08 For more information talk to Download the SC Mobile your Branch,Botswana Relationship App today. INSIDE Manager or email Dpp Digs his aBsa forecasts managing risKs [email protected] heels in to massive profit throUgh frame- nail Kgosi Decline WorKs &policies Download the SC Mobile The DPP, Stephen Tiroyakgosi, is The MD of ABSA, Keabetswe Pheko- There is a say that if something is not Botswana App today. opposing an application in which the Moshagane, and the bank’s Finance in black and white it doesn’t exist! This founding head of DISS, Isaac Kgosi, Director, Cynthia Morapedi, are forms the basis of why organizations THEwants his indictmentSTRENUOUS in the National expected to report T ERRAINa down beat financial FORand businesses needBANKS to craft internal Petroleum Fund (NPF) ...page 04 performance for the first...page 09 policies and frameworks...page 14 STORY ON PAGE 09, 13 & 16 Terms and conditions apply. DOMESTICDOMESTIC EXCHANGE EXCHANGE RATES: RATES: USD/BWP USD/BWP 0.0853 0.0862 ZAR/BWP ZAR/BWP 1.4643 1.4637 GBP/BWP GBP/BWP 0.0679 0.0665 EURO/BWP 0.07330.0756 ...MARKET...MARKET HIGHLIGHTSHIGHLIGHTS ONON PAGE 09 Terms and conditions apply. THE BUSINESS WEEKLY & REVIEW 2 Friday 30 October 2020 - 05 November 2020 www.businessweekly.co.bw News NGAKAAGAE WANTS BAKANG SERetSE INSIDE NPF charges DEMANDS News 2-7 HIS MONey Tax & your Pocket 8 Kgosietsile Companies & Markets 9-16 DroPPeD Ngakaagae AND PROP- ERty BACK TEAM • DPP case could collapse • Kebonang twins acquitted EDITOR-IN-CHIEF • says his assets KABO RAMASIA lawyer, the state has instituted a Keabetswe Newel are being held [email protected] Staff Writer trial by ambush characterised by its inability to explain charges. unlawfully he National Petroleum “They should go back, regroup BUSINESS EDITOR KABO RAMASIA Fund (NPF) case in which and come back when they Kitso Dickson Staff Writer [email protected] Thigh profile figures face have put their house in order,” corruption charges, appears Ngakaagae charged. rominent headed for collapse as the As a new development, he then KABO RAMASIA SUB EDITOR businessman Douglas Motheo defence moves to have all charges made an application for exception Staff BakangWriter Seretse as provided for by Section 144 P [email protected] dropped. wants his money and In the aftermath of the acquittal of The Criminal Procedure property that were seized HEAD OF GRAPHICS of the Kebonang twins Sadique and Evidence Act. “We submit by the Directorate on Taelo Maphorisa and Zein for lack of evidence, that we (have) made a case Corruption and Economic [email protected] defence lawyers Kgosietsile on exception,” he stated. Crimes (DCEC) in 2018 Ngakaagae and Unoda Mack “We are saying that these back. have called on the court to set charges must be struck The seizure was done in DISCLAIMER aside the remaining charges, off the charge sheet. The the course of investigations Commentaries, letters and columns saying they don’t make sense. remedy for exception is into the alleged money present are the views of the authors Ngakaagae, who acts for striking off (charges).” laundering and racketeering and not necessarily those of Bakang Seretse, Kenneth Ngaakagae attacked the DPP’s involving P250 million that The Business Weekly & Review Kerekang, Mpho Kerekang and charge sheet, saying it does not was purportedly siphoned Tshepho Bojelo, said the charges make sense either in law or in off the National Petroleum English. He proceeded to make PUBLISHED BY against Bojelo and Kerekang do Fund (NPF). not state their crimes and that reference to Kerekang’s charge in Court records seen by this THE BUSINESS WEEKLY & REVIEW it is not enough for the state to which the state alleges that for the publication show that Seretse Post: Post Net Kgale View 449 ADD, mention that people “acted in valuable consideration of Bakang is demanding that the state Gaborone, Botswana common purpose”. Seretse, Kerekang transacted opposition from the prosecution return money frozen in the TEL: (+267) 3170 615 “Participation in an offence P250 million to Khulacho (Pty) and will set a date for the ruling accounts of Khulaco (Pty) Unit 16, Gaborone International is not an offence,” he asserted. Ltd on the exception application,” Finance Park, Gaborone, Botswana Ltd, M&B Properties (Pty) “Participating knowingly in an Making submissions before Magistrate Mmesi said. Ltd and Leomog Investments offence is an offence.” Extension II Chief Magistrate, In the meantime, Unoda Mack [email protected] (Pty) Ltd, all of which the Kamogelo Mmesi, Ngakaagae representing the Kebonang www.businessweekly.co.bw During the status hearing of prosecution alleges were the case held at Extension II said the DPP’s grave deficiencies brothers said following the High involved in plundering the Magistrates Court on Wednesday, can only mean that they charged Court’s ruling which set aside NPF. CONNECT WITH US the outspoken defence counsel people to embarrass them. He his clients charges, he intends At the time of the alleged Follow: @TheBWRBotswana asked the court to deal with condemned the behaviour of the to write a letter to the DPP to crimes, Seretse’s other facebook.com/businessweeklyBW what he termed abuse of power DPP and said the charges should give them space to reconsider company, Basis Points instagram.com/businessweekly_BW by the Directorate of Public fall right away. continuing prosecution against Capital, was providing Prosecutions ((DPP). “The errors are just too many, their failure of which he will consultancy to the Ministry Ngakaagae said the charges almost in every single count,” he approach the High Court again. of Mineral Resources, Green of money laundering as faced stated. The brothers want to be Technology and Energy WEATHER by Bojelo, Kago Setimela and Whereupon prosecutor Pascal removed from future court Security. Mogomotsi Seretse do not state Mandu stood up to oppose appearances following their Seretse is calling for the GABORONE TODAY (FRI) what offence they committed. exception for the charges to fall triumph earlier this week. release of his property “The charge sheet speaks to off even though the state failed The case is set to return on the that he asserts is being o possible malicious prosecution,” to file opposing papers. This 08th December 2020 where it is “unlawfully held” by the 22 he said. “In law you can’t present was objected by the defence, expected that court will make a state. The respondents are malice as fact. It’s a subjective prompting the court to rule determination on the defence’s the Attorney General, the state of mind.” that “the court will proceed request for their charges to be According to the defence on the basis that there is no struck off. TO PAGE 08 Lo 2°C PLENTY OF SUNSHINE 3 DAY FORECAST TENDER ADVERTISEMENTS SATURDAY TENDER NO: CEDA 002 / 2020 – 2021 INVITATION TO TENDER FOR PROVISION OF CONSULTANCY SERVICES FOR THE DEVELOPMENT OF AN INNOVATION23° AND CHANGE MANAGEMENT FRAMEWORK Lo 2°C 1. Citizen Entrepreneurial Development Agency (CEDA) invites bids from 100% Citizen Owned suitably qualified and experienced companies/partnerships/ PLENTY OF SUNSHINE joint venture or consortiums registered and operating in Botswana for the provision of consultancy services for the development of a comprehensive SUNDAYInnovation and change management framework within the purview of the Agency’s mandate and strategic intent. 2. Public Procurement and Asset Disposal Board (PPADB) Registration; Code 317 Sub Codes 01 issued by PPADB is required for this tender. 3. All21° Bids must be received no later than 15:00hrs on 16th November 2020 (As per CEDA timepiece placed at Reception Area). Lo 1°C PLENTY OF SUNSHINE EXPRESSION OF INTEREST CEDA EOI 003/2020-2021 FOR THE PROVISION OF WAREHOUSE SPACE FOR CEDA MONDAY 1. Citizen
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