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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”.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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