Furnmart profits weaken on closure of Zambian operations
Wednesday, April 26, 2017
Furnmart closed its Zambian operations last year
The Botswana Stock Exchange-listed company said trading across its operations has been subdued during the six months to end of January 2017.
It said the decrease in gross profit margins was mainly due to the winding down of its Zambian operations.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...