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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...