Pasdec pares back losses after tough debut

Pasdec Automotive Technologies Botswana manufactures automotive wiring harnesses for globally leading vehicle brands such as Nissan and Volkswagen. Since commissioning in 2015, however, the company has run at a loss due mainly to high relocation costs, while four strikes, some featuring intimidation and threats, have soured the border town’s joy at wooing an investment away from South Africa.

According to the Malaysian group’s latest financials, the relocation from Brits to Lobatse cost P10.8 million in 2016, declining to P2.3 million last year.