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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up