Economic pressures weigh on Choppies profits
Thursday, March 17, 2016
The group’s revenue grew by 17 percent to P3.5 billion from P3 billion achieved in the same period in the previous year.
Gross profit was up by 11 percent to P714 million as compared to P644 million while earnings before interest, taxes, depreciation, and amortisation (EBITDA) were up by five percent to P216 million.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....