Monday, October 26, 2020

More departures at BDC pending investigations

Fresh information has surfaced at the Botswana Development Corporation (BDC) suggesting that the corporation parted ways with some of its recently suspended property management division employees on Friday.

Sunday Standard is reliably informed that this past Friday the corporation management concluded separation packages for two out of the seven suspended employees being Ronnie Masalila and Ziana Moitshubedi. Recently the BDC Managing Director (MD) Bashi Gaetsaloe suspended the entire division pending investigations at the corporation.

As investigations are still ongoing, the corporation denied allegations that the MD Gaetsaloe has engaged a consultant on a contract basis last week to take care of the property management division and that the tender has not been advertised.

Part of core matter within the corporation in the property management is the serious cost overruns on the corporation’s newly built multimillion Fairscape Precinct commercial building in fairgrounds. The division monitors a portfolio of property development loan facilities held with subsidiary, affiliate and non-affiliate companies, through partnerships or joint venture developments.

Inside information indicates that the two main people who were part of the development of the multimillion Fairscape Precinct commercial building in Fairgrounds quit their jobs a few months back.

The recent official letter written by Gaetsaloe to the suspended employees dated 19th September, 2014, stated that he has been made aware of an ongoing investigation on the health of the BDC property portfolio. Also stated in the letter is that there are possible acts of serious misconduct on the employees part.

In a brief interview with Sunday Standard, BDC Acting Corporate Communications and Public Relations Manager Boitshwarelo Lebang maintained that BDC does not discuss internal employee contractual matters with the media as they are confidential by nature.

“We however assure our stakeholders that we remain committed to the highest levels of governance and customer service and are confident that our ongoing transformation programme will position the organization for success,” she said.

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