Business

Lax controls expose BMC to more losses

Tuesday, April 15, 2014

BMC lost the EU market in 2011 leading to significant financial losses for the parastatal

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The Botswana Meat Commission (BMC) remains exposed to financial losses as long as control and supervision issues remain un-attended, the Auditor General says. The Auditor General’s report for the year ended March 2013 states that BMC recorded a total comprehensive loss of P287.91 million compared to P228.42 million in the previous year.

The report also states that the commission has a chronological report of losses in the past three years.

The total income for the group was P806.62 million, while expenditure was P1.1 billion.

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Lax controls expose BMC to more losses