RCC's N$5b plan exposed

THE broke Roads Contractor Company kept the public enterprises ministry in the dark over its plans to raise N$5,2 billion from private entities. Details about the N$5,2 billion financial plan are included in a letter written by RCC chief executive Tino !Hanabeb to businessman Thomas Nakashole's TN Investment.

Senior government officials said the RCC has been misleading government that it only needs N$300 million for its turnaround, while it was busy trying to raise funds from private companies.

!Hanabeb said he has not misled government, and whoever says that should explain why they believe government was misled.