BTC losses P29million to cable theft
Tuesday, December 27, 2022 | 1720 Views |
BTC head office building
According to the group' s financial results for the six months ending 30 September 2022, the financial perfomance for the period was depressed by an escalation in replacement costs for stolen copper from their network.
BTC Managing Director, Anthony Masunga, said they have since intensified efforts and increased its capital budget towards building alternative technologies to replace the copper network investments.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...