BPC leads loss-making parastatals

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Parastatals continue to bleed billions of taxpayers’ money, with Botswana Power Corporation (BPC) leading in the loss-making, the Auditor General has said.

In a damning report, the Auditor General has stated that parastatals providing essential services like BPC, Botswana Meat Commission (BMC), Water Utilities Corporation (WUC), Air Botswana and Botswana Postal Services lead in loss-making. In general, most of the parastatals are failing to pay the statutory 25 percent dividend due to government. Even some that made profit like Botswana Telecommunications Corporation have not declared dividends to government.

Editor's Comment
Khama, Serogola should find each other

Khama’s announcement to take over as Kgosikgolo was met with jubilation by some, but it also exposed deep-seated divisions. The Bogosi Act, which clearly states that a Mothusa Kgosi cannot be removed without the minister’s involvement, serves as a crucial legal safeguard. This law is designed to prevent arbitrary decisions and ensure stability within traditional leadership structures.The tension between Khama and Serogola has been simmering...

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