Business

BR risks 'derailment' over P4bn in uninsured assets

Friday, June 28, 2019
Botswana Railways is largely uninsured
Botswana Railways is largely uninsured

Botswana Railways (BR) has not insured P4.4 billion worth of its assets, the latest Auditor General Report reveals.

BusinessWeek has learnt that the rail utility has been in this situation for some time and is forced to dig into its own pockets to cover liabilities that arise from train accidents and other incidents.

According to the Auditor General, BR used to have a General Fund account set aside for purposes of covering its assets.

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Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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