Cresta posts lukewarm results

Wednesday, April 02, 2014

Cresta Marakenelo Limited achieved an operating profit of P31.4 million for the year-ended December 2013. This reflects an operating margin of 11%, same as in 2012.

The group states the static margin shows a continuing downward pressure on room rates and the general inflationary environment, especially in Botswana.

According to Statistics Botswana, overall annual inflation rate decreased between February 2013 and February 2014 due to stable prices of commodities, especially the major components such as transport and food and non-alcoholic beverages.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Monetary moves: The Bank of Botswana is a key member of the FSC PIC: BANK OF BOTSWANA

Credit growth slows on tighter economy

Mbongeni Mguni | 2 h ago

Batswana, Zimbabweans tensions worry Mogoditshane police

Pini Bothoko | 22 h ago

Letshego refocuses its African dream

Mbongeni Mguni | 12 Jun 2026

Expanding Africa’s trade frontiers

Lewanika Timothy | 12 Jun 2026

BITC capacitates better exports for Chinese market

kutlo moagi | 12 Jun 2026

Moagi-linked card allegedly exposes P4.7 m scandal

Larona Makhaiza | 1d ago

Pension pay-day ‘girlfriends’ cautioned

Innocent Selatlhwa | 1d ago

PAC raises concerns over counterfeit medicines, expired drugs

Mpho Mokwape | 1d ago

Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

The Monitor Editor | 16 June 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.