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
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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