BTCL pays record dividend to government
Friday, September 20, 2024 | 360 Views |

Job done: BTCL declared a mega-dividend to government this week
The handover represents part of the total P263 million payout to all shareholders, the highest since BTCL’s 2016 listing on the Botswana Stock Exchange. The BTCL recently unveiled results for the year ended March 31 2024 showing a 35% increase in pretax profits to P200 million.
Speaking at the dividend handover, BTCL board chairperson, Mokgethi Magapa, highlighted the company’s strong year, despite challenging economic conditions.
It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...