Lerala Mine creditors claim P359m

Lerala Mine
Lerala Mine

At least 22 creditors of Lerala Mine have submitted claims to the collapsed diamond mine, amounting to P359 million, provisional liquidator has revealed.

Responding to Mmegi Business enquiries, the liquidator Kopanang Thekiso said out of this number, two were rejected and one partially proven and accepted, while the remaining 19 were accepted.

“There is also a claim from employees for salaries and terminal benefits,” he said.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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