• Mining sector endures worst recessionMay 27, 2025
    Mining shows zero confidence on better business conditions Weaker global demand of rough diamonds trouble the sector Other sectors optimistic about improved conditions in 2025   BAKANG TIRO RelatedPosts Mining sector endures worst recession Who is the PSP PROTECTING?… Read more: Mining sector endures worst recession
  • Who is the PSP PROTECTING?May 27, 2025
    “She is protecting those facing corruption probe, hence removing DCEC intelligence head”- claim The DCEC recently confirmed that it was investigating some senior govt officials   DITIRO MOTLHABANE RelatedPosts Mining sector endures worst recession Who is the PSP PROTECTING?… Read more: Who is the PSP PROTECTING?
  • TIKI MEDIA * Head Branding SolutionsMay 26, 2025
    RelatedPosts TIKI MEDIA * Head Branding Solutions WILDERNESS AIR * Quality Assurance Manger MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge Business
  • WILDERNESS AIR * Quality Assurance MangerMay 26, 2025
    RelatedPosts TIKI MEDIA * Head Branding Solutions WILDERNESS AIR * Quality Assurance Manger MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge Business
  • MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge BusinessMay 26, 2025
    RelatedPosts TIKI MEDIA * Head Branding Solutions WILDERNESS AIR * Quality Assurance Manger MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge Business
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Sunday, June 1, 2025
-6 °c
Columbus
6 ° Sat
13 ° Sun
15 ° Mon
16 ° Tue
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Analysis & Opinions

Govt sells BCL houses

patriot by patriot
May 3, 2023
in Analysis & Opinions
242
0
491
SHARES
1.4k
VIEWS
ShareShareShare

To:                Current and Former BCL Limited (In Liquidation) Employees

From:          Darusha Moodliar N.O Our Reference:                    JSB/gwp/M04349

RelatedPosts

BCP should not reject forming a coalition

The sham that was BNFWL elective congress

Batswana (66%) favour direct election of President

Date:          26 April 2023

Re:              Sale of BCL Limited’s Residential Properties situate in Selebi Phikwe

To Whom it May Concern,

1.      Please note that the Liquidator of BCL Limited (In Liquidation) (“BCL”), Darusha Moodliar N.O (the “Liquidator”), is commencing the process of disposal of BCL’s residential properties. The proposed disposal of the residential properties will be through a structured process which is summarised below.

2.      The residential properties will firstly be offered (the “Offer”) to former and current employees of BCL (collectively the “employees“) with the attendant terms and conditions . The employees will be offered the respective residential property they currently reside in. The employees will be given an option period of 90 days (“Cut Off Date”) to make a formal offer to the Liquidator to purchase the property in question (“First Stage”). Employees currently occupying shared accommodation, will each be furnished with an Offer in respect of the residential property concerned and the Liquidator will accept the most competitive bid.

3.      Each house will have a reserve price and the employee will be required to produce proof of financing from a reputable financial institution. Please note that a reputable property valuer registered with the Real Estate Council under the Real Estate Professionals Act [Cap 61:07] (the “Property Valuer”) has been engaged to conduct valuations on the residential properties in order to determine the reserve price of each property.

4.      Kindly note that in the event the employee fails to exercise the Offer by the Cut Off Date, the Offer shall lapse without any further reference to the employee. Employees are advised

that after the Cut Off Date, the Liquidator will sell the properties to a third party in which

event the continued occupancy of the properties will be an issue to be resolved between the employees and the new owner.

5.      Employees that have shown interest in acquiring the properties and have produced an acceptable proof of finance by the Cut Off Date, will be issued with a sale agreement to facilitate the purchase of residential properties, which will set out the information and terms on which the property will be acquired. On execution of the sale agreement, BCL’s appointed conveyancer will commence with the registration of the property into the names of the employee.

6.      Please note that all the fees and disbursements of, and incidental to registration shall be payable by the employee. The property purchase price shall be payable against registration of the property and shall be secured by an unconditional bank guarantee procured in favour of BCL.

7.      As part of the disposal process, the Land Surveyors and Property Valuers will be attending to the residential properties to conduct valuations for purposes of determining the reserve price. Kindly provide them with the necessary support, including access to the property, when required. The BCL housing portfolio is vast, therefore, the valuation process will be rolled out in stages. The resultant effect is that employees will not receive Offers at the same time.

8.      Kindly note that, despite the valuation process being rolled out in stages, all  employees will receive their Offers as and when they are ready. The Liquidator reserves the right at her sole discretion to amend, withdraw from or terminate the disposal of the residential properties at any time.

9.      All former employees of BCL and members of the public who are not eligible to participate in the First Stage, on the basis that they do not currently occupy any BCL residential property will have an opportunity to participate in the second stage of the disposal process which will be held through a public auction.

SIGNED:

Darusha Moodliar N.O

BCL Limited (In Liquidation)

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Vacancy Advert: BDC

Next Post

67 media workers killed in 2022

Related Posts

BCP should not reject forming a coalition
Analysis & Opinions

BCP should not reject forming a coalition

May 26, 2025
The sham that was BNFWL elective congress
Analysis & Opinions

The sham that was BNFWL elective congress

May 13, 2025
Batswana (66%) favour direct election of President
Analysis & Opinions

Batswana (66%) favour direct election of President

May 5, 2025
Khama in crosshairs of BCL inquiry
Analysis & Opinions

Khama in crosshairs of BCL inquiry

April 29, 2025
Listen to the doctors!
Analysis & Opinions

Listen to the doctors!

April 28, 2025
Fasten your seatbelts, the rough ride unfolds! 
Analysis & Opinions

Fasten your seatbelts, the rough ride unfolds! 

April 15, 2025
Next Post
67 media workers killed in 2022

67 media workers killed in 2022

  • Mining sector endures worst recessionMay 27, 2025
    Mining shows zero confidence on better business conditions Weaker global demand of rough diamonds trouble the sector Other sectors optimistic about improved conditions in 2025   BAKANG TIRO RelatedPosts Mining sector endures worst recession Who is the PSP PROTECTING?… Read more: Mining sector endures worst recession
  • Who is the PSP PROTECTING?May 27, 2025
    “She is protecting those facing corruption probe, hence removing DCEC intelligence head”- claim The DCEC recently confirmed that it was investigating some senior govt officials   DITIRO MOTLHABANE RelatedPosts Mining sector endures worst recession Who is the PSP PROTECTING?… Read more: Who is the PSP PROTECTING?
  • TIKI MEDIA * Head Branding SolutionsMay 26, 2025
    RelatedPosts TIKI MEDIA * Head Branding Solutions WILDERNESS AIR * Quality Assurance Manger MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge Business
  • WILDERNESS AIR * Quality Assurance MangerMay 26, 2025
    RelatedPosts TIKI MEDIA * Head Branding Solutions WILDERNESS AIR * Quality Assurance Manger MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge Business
  • MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge BusinessMay 26, 2025
    RelatedPosts TIKI MEDIA * Head Branding Solutions WILDERNESS AIR * Quality Assurance Manger MINISTRY OF COMMUNICATIONS AND INNOVATION * Deputy Director – Department of Shared Digital Services * Director – Research and Knowledge Business
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?