Former BNYC execs square up against Khama, Olopeng
Wednesday, August 26, 2015
Olopeng was acting in line with a presidential directive issued by Khama on the BNYC’s restructuring.
Yesterday in Lobatse, lawyers representing the former NEC members said Olopeng and Khama had no legal right to dissolve the BNYC and its NEC. The former members want the High Court to issue an interdict freezing Olopeng and Khama’s decisions, pending a more substantive suit.
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...