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
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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