BDC embarks on major restructuring exercise

With plans to nurture a new corporate culture and introduce new ways of working, partnering and executing, the corporation is optimistic that the BDC journey to recovery has begun.

BDC managing director Bashi Gaetsaloe enthused Friday that on completion of the restructuring, which is at the initial stage, the corporation will immediately be profitable. He noted that the business remodelling programme, which began in October 2013, is aimed at reducing wastage, preserving cash, preserving the integrity of the balance sheet, and creating a platform for sustainable and viable growth.