Pasdec pares back losses after tough debut
Friday, June 22, 2018
Pasdec Automotive Technologies Botswana manufactures automotive wiring harnesses for globally leading vehicle brands such as Nissan and Volkswagen. Since commissioning in 2015, however, the company has run at a loss due mainly to high relocation costs, while four strikes, some featuring intimidation and threats, have soured the border town’s joy at wooing an investment away from South Africa.
According to the Malaysian group’s latest financials, the relocation from Brits to Lobatse cost P10.8 million in 2016, declining to P2.3 million last year.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...