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.
That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...