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BDC doubles profits to P224m

Gaetsaloe PIC: KATLEGO MOTSAMAI
Gaetsaloe PIC: KATLEGO MOTSAMAI

The Botswana Development Corporation (BDC) said it doubled its profit before tax (PBT) for the year ended June 2016 after embarking on a transformation journey two years ago.

The corporation, which is the government’s investment arm, posted overall PBT of P224 million in the year to June, which is a 104% increase from P110 million a year earlier.

BDC’s drive to increase its profile saw it instituting a major review of the business under the re-modelling programme in order to address major challenges facing the business.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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