BMC bounces back to profitability
Friday, October 10, 2014
BMC headquarters
This reverses the huge successive losses of P324 million in 2012 and P87.82 million in 2011.
BMC chief accountant, Mbaakanyi Lenyatso, told BusinessWeek that the profits took a quantum leap because the commission recorded higher sales in the year after they were signed back into the European Union market.
Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...