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
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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