Mmegi

Cash-strapped BR expects P25m loss

Hopeful: Ntwaagae says this year’s loss is an improvement on last year’s performance PIC: MORERI SEJAKGOMO
Hopeful: Ntwaagae says this year’s loss is an improvement on last year’s performance PIC: MORERI SEJAKGOMO

State-owned rail monopoly Botswana Railways (BR) is expecting a financial loss of P25 million this year, remaining in the column of the country's loss-making parastatals.

The expected loss follows years of maintenance budget backlogs, including low volumes of freight and cargo transport.

Last year, BR posted a P90 million loss as its financial woes deepened. The entity attributed the losses to “financial pressures and governance irregularities that have festered over the years”.

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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