Former President Mogae set a bad precedent for cabinet . In 1998 after Changing the laws that killed the BTC monopoly to allow private telecoms participants , a company called Mosokelatsebeng Proprietary which has shares in Orange was formed,& he became a shareholder (1/4
Him and other cabinet ministers changed the constitution to break the telecoms monopoly only for them to benefit & end up owning shares in Vista/Orange. Together with Satar Dada Charles Tibone etc. Same thing happened With a company called 21st Century Holdings. 2/4
Mccarthy, a South african dealership reached out to Charles Tibone and Dada to form a company that will own car dealerships in Botswana, the dealership would supply cars to Debswana, The government and The military. Mogae, Tibone, Dada, Nganunu,etc became shareholders again 3/4
You can realize they were given shares to guarantee business 4 Mccarthy. As cabinet and and high ranking members of society they had huge influence & Mogae rubber stamped a lot of corruptive and irregular things. It makes sense why he is estimated to be worth over P300 mil. 4/4
After thought - this Same company, 21 century has ties to the BPOPF scandal and Capital Management Botswana. Mogae lead the pack & normalized this thing of cabinet doing business with government, which is wrong. He made Tibone and Dada magnates. I will thread about Tibone 2moro
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