Business

BMC bounces back to profitability

Friday, October 10, 2014
BMC headquarters
BMC headquarters

Botswana Meat Commission (BMC) has bounced back to profitability, recording P26 million after tax profits for the year ended 31 December 2013.

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.

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“Betrayal hurts, but knowingwho was betraying hurts even more.”- Garima SoniWhat the men of Ditlharapa, Molete and neighbouring villages uncovered is a cross-border enterprise. The modus operandi, as the suspect himself reportedly confessed, is industrial: groups operating in multiple villages, fences cut with impunity, stolen goats walked into South Africa, warehoused at Makhubung, then sold in batches of 200 to a commercial farmer in...

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