BMC most indebted parastatal to gov�t

Friday, December 02, 2016

Government is owed over P1.6 billion by parastatals with the Botswana Meat Commission (BMC) being the most indebted to the state, the Minister of Finance and Economic Development, Kenneth Matambo told Parliament on Wednesday.

According to Matambo not only is BMC the most indebted at P545 million but it is also the only parastatal that fails to service its debt.

“BMC is the only parastatal which is failing to service its loans. Government has in the past restructured BMC to be a viable entity and to attain its going concern status. In recent times from 2014, government also provided equity capital to assist BMC with working capital and to strengthen its balance sheet,” said Matambo.

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BMC most indebted parastatal to gov�t

Government is owed over P1.6 billion by parastatals with the Botswana Meat Commission (BMC) being the most indebted to the state, the Minister of Finance and Economic Development, Kenneth Matambo told Parliament on Wednesday.