BMC�s subsidiaries in the red

Loss making: BMC's three subsidiaries are struggling to turn a profit
Loss making: BMC's three subsidiaries are struggling to turn a profit

Botswana Meat Commission (BMC) has not paid dividends to its stakeholders for the past five years due to poor performance of its subsidiaries.

Briefing parliamentarians recently, the Minister of Agricultural Development and Food Security Patrick Ralotsia said the Commission’s subsidiaries have not been performing well.

BMC owns three-subsidiary companies, which include Table Bay Cold Storage in South Africa, BMC (UK) Holdings in the United Kingdom and Main Line Carriers in Botswana.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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