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Retrenchment exercise costs BTC P67m

Anthony Masunga PIC: MORERI SEJAKGOMO
Anthony Masunga PIC: MORERI SEJAKGOMO

The Botswana Telecommunications Corporation (BTC) said the recently concluded restructuring exercise set it back by P67 million.

This is revealed in the country’s telecom giant’s financial results for the six months ended 30 September 2022. BTC recently laid off about 196 workers as part of its resource optimisation exercise.

When commenting on the group’s published financial results, BTC Managing Director, Anthony Masunga said the exercise has, however, affected their financial performance during the reporting period.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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