BPC posts P114m �artificial� profit

BPC posts P114m u2018artificialu2019 profit
BPC posts P114m u2018artificialu2019 profit

The Botswana Power Corporation (BPC) posted a profit of P114.1 million for the year ended March 31, 2014, buoyed by a P1.49 billion government bailout.

The bailout was needed to plug the gap between the cost at which the utility sources electricity and the price at which it sells it.

During the period, the BPC was incurring an average loss of 49 thebe per unit of power sold, up from 28 thebe in 2011.

Editor's Comment
Let’s fight GBV as a collective

Botswana for the longest time was known for her virulent peace with family being an enviable institution.As the media, we are also scared to be incessantly reporting on these bloody scenes where women are brutally murdered and worse, sometimes in front of their children and loved ones. Yes, we have reported cases where men were also brutally murdered by their loved ones, but such cases are a drop in the ocean.For the past two weeks, Botswana was...

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