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.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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