Weekend Post
Breaking News
Botswana Unified Revenue Services (BURS) has lost an P80 million tax claim against Prevailing Securities (Pty) Ltd, a company owned by Shadrack Baaitse, an ally of former President Lt Gen Ian Khama.
Lobatse High Court Judge Michael Leburu this week ruled in favour of Danny Julius Guduli in his capacity as the Judicial Manager of Prevailing Securities (Pty) Ltd against Botswana Unified Revenue Services (BURS) and its Commissioner General.
On the 17
th August 2018, the company [Prevailing Securities] was selected by the BURS for Tax Investigations. The Managing Director, Baaitse, attended an interview called by BURS, duly represented by Kaone Molapo, Daphney Baka and Samuel Mokelwane. The said interview was in respect to the company’s tax liability.
Uphill battle in Khama’s quest to charge Hubona
Breaking News
A matter in which former President Lt Gen Ian Khama had brought before Broadhurst Police Station in Gaborone, requesting the State to charge Directorate on Corruption and Economic Crime (DCEC) lead investigator, Jako Hubona and others with perjury has been committed to Headquarters because it involves “elders.”
Broadhurst Police Station Commander, Obusitswe Lokae, told this publication this week that the case in its nature is high profile so the matter has been allocated to his Officer Commanding No.3 District who then reported to the Divisional Commander who then sort to commit it to Police Headquarters.
By Bulawayo Correspondent
BULAWAYO businessman Dharmesh Bhikha has filed an urgent chamber application at the Bulawayo High Court interdicting Tilus Supermarkets Judicial Manager Philip Ndlovu from disposing of the business’s assets without the consent of shareholders and creditors.
Bhikha and Deputy Minister of Industry Raj Modi co-owned H Bhikha Enterprises trading as Tilus Supermarkets before their acrimonious separation which saw the company being run by Ndlovu as the dispute spilled into the courts.
In his application papers filed on 14 April 2021, Bhikha cites Ndlovu as the 1st respondent.
“Applicant is a shareholder and a creditor in the company, Bhikha Enterprises Private Limited and his interest stems from that position.
(Bloomberg) Hyflux Ltd., which was put under judicial management in November last year, will be fielding several possible bids in the months ahead as it tries to avoid running out of money.The Singaporean water-treatment company currently has at least seven non-binding offers from potential investors, according to two people familiar with the matter. It needs to move fast: the firm had S$18.4 million ($13.8 million) of cash as of Jan. 31, enough to survive five months from that date, the people said, asking not to be identified because the matter is private.The suitors have shown interest in Hyflux as a whole or for some of its assets, but the bids have varying degrees of complexity and many need additional clarification, the people said.Patrick Bance, a Singapore-based director at Hyflux’s judicial manager Borrelli Walsh, declined to comment.Once a corporate highflyer, Hyflux is Singapore’s most high-profile debt-restructuring case that has dragged on since a court-sup