BTCL unfazed as profits drop

BTC Headquarters
BTC Headquarters

The Botswana Telecommunications Corporation Limited (BTCL) is unruffled by a 15% drop in pretax profits to P196.7 million, as directors say they expect the group’s “significant” investments in its network in the past few years to monetise this year.

Commenting on the group’s results for the year ended March 31, 2019, BTCL directors said margins had come under pressure due to restrained consumer spend. 

This had resulted in a 12% decline on the mobile business “despite the introduction of new products and services in the market and other initiatives to promote uptake”. 

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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