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DEFIANT: Pius Molefe

BBS boardroom brawl turns nasty

Botswana Stock Exchange Limited (BSEL) has moved swiftly to halt the trading of BBS equity securities as the bank management and the board public brawl played out on social media this week.

A wide circulation of a strong worded press statement by BBS MD, Pius Komane Molefe defying the board’s directive to vacate office became the talk of the town, sending shockwaves among shareholders on Wednesday.

The standoff between management and the Board turned into a dramatic fracas when the defiant MD and the company Secretary, Sipho Showa hired heavy security t...

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