Lobatse auto plant suffers losses in debut year
Thursday, May 11, 2017
PAT BW’s poor performance for the year dragged down its parent group, Pasdec Resources SA, to a ZAR38.14 million (P29.7 million) loss for the financial year ended December 31, 2016.
PAT BW is the only commercially operating entity of Pasdec Resource’s SA, which is also a subsidiary of a Malaysian company. Prior to 2015, the Malaysian subsidiary, which manufactures automotive wiring harnesses for globally leading vehicle brands such as Nissan and Volkswagen, was based in Brits near Pretoria.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...