BPC leads loss-making parastatals
Tuesday, April 15, 2014
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.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...