Advertisement

Debswana saves P1bn through cost-cutting

Bonyongo
Bonyongo

Debswana managed to save up to P1 billion in 2016 through a range of measures to improve efficiencies and cut costs. The company looked to navigate a difficult period of slow consumer demand and indigestion in the diamond pipeline hence the need to act.

Under its high performance promise strategy the company, which saw its earnings drop 37% in 2015, last year effected a range of measures to improve operational efficiencies  while it also concentrated  production on its high value and low cost assets.

Briefing stakeholders in Gaborone this week, managing director, Balisi Bonyongo said in a bid to cut costs they are managing to improve tyre lifespan, fuel consumption and improve productivity.

Advertisement
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...

Have a Story? Send Us a tip
arrow up