Transporters contest SA firm�s bid for 4MS

Local transporters are against the aquisition bid.PIC MORERI SEJAKGOMO
Local transporters are against the aquisition bid.PIC MORERI SEJAKGOMO

Local transport industry players are poised to block the acquisition of assets and cession of the main contracts belonging to 4MS Group Holdings by Transport Holdings Limited.

The acquiring company, Transport Holdings is a logistics subsidiary of Imperial Holding Group of South Africa and is involved in carrying out large-scale transportation.

On the other hand 4MS Group, established as a citizen/driver empowerment scheme by Kgalagadi Breweries Limited (KBL), is in the businesses of ad hoc line haul transport to the general market and line haul transport services to KBL.

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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