FSG posts modest profits in subdued economy

FSG offices in Gaborone
FSG offices in Gaborone

Funeral services company, FSG Limited Group, recorded a 13 percent rise in profit after tax to P13.2 million in a subdued first six months of the year that was characterised by low demand and stagnant personal incomes.

According to the Group chairman, Neo Moroka the performance of the company remained within expectations, with moderate growth in terms of revenue and profitability.

In the period, revenue rose by 18 percent to P84 million, with Botswana operations showing resilience in a lukewarm economy.

Editor's Comment
Shame on BotswanaPost, like-minded employers

Just recently, the Manual Workers Union successfully interdicted BotswanaPost from implementing new terms and conditions of employment for its members without the union’s knowledge.The union then took the BotswanaPost to court seeking to stop the postal parastatal from implementing terms and conditions of the workers who fall under their membership without being involved on their behalf.In his ruling, Justice Isaac Bahuma of the Gaborone...

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