BR risks 'derailment' over P4bn in uninsured assets

Botswana Railways is largely uninsured
Botswana Railways is largely uninsured

Botswana Railways (BR) has not insured P4.4 billion worth of its assets, the latest Auditor General Report reveals.

BusinessWeek has learnt that the rail utility has been in this situation for some time and is forced to dig into its own pockets to cover liabilities that arise from train accidents and other incidents.

According to the Auditor General, BR used to have a General Fund account set aside for purposes of covering its assets.

Editor's Comment
Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

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