Despite VPB, through its proprietor Anthony Siwawa, putting up a fight to save the business from final liquidation, Leburu pronounced it just and equitable for the operation to be wound up considering that its franchise agreement has been terminated while it has also failed to service a P41 million FNBB loan among other creditors.
FNBB, through CEO Steven Bogatsu had petitioned for the final liquidation of VPB Propco and three other related companies, which Siwawa was contesting.
The KFC Botswana business was run through four connected companies being VPB Propco, the franchise holder, QSR food Company and Boitumelo Dijo, which between themselves held leases and trading licences for the 12 KFC outlets.
The fourth company, Greenax…
Read the full article at: http://www.mmegi.bw/index.php?aid=62796&dir=2016/september/02
