BDC slips to P3m loss
Friday, February 16, 2024 | 850 Views |
Home of capital: The BDC’s headquarters in Gaborone PIC: MORERI SEJAKGOMO
According to the financials released via the Botswana Stock Exchange on Monday, the BDC fell into losses, from pretax profits of approximately P32 million in the year to June 2021.
“The corporation was faced with adverse market forces which resulted in significant adverse variances in finance costs and valuation impairments of equity investments,” directors said. “With global increases in interest rates, as well as full draw down on approved facilities, BDC experienced an increase in finance costs of 30% during the year.”
A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...