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.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up