Retrenchment exercise costs BTC P67m

Monday, January 16, 2023 | 2000 Views |

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Decision time: Zambia elections are underway PIC: REUTERS.COM

Zambia’s polls marred by delays

Tsaone Basimanebotlhe | 2 h ago

Hichilema, Mundubile lead crowded race

Tsaone Basimanebotlhe | 3 h ago

Katuta: Playing in a crowded male-dominated field

Tsaone Basimanebotlhe | 3 h ago

‘Zero medals at Commonwealth Games not a surprise’

Calistus Kolantsho | 3 h ago

Red Roses, rivals turn up the heat

Kabelo Boranabi | 3 h ago

Block champions set for national showdown

Kabelo Boranabi | 3 h ago

Showa survives as BFL backs board rotation

Kabelo Boranabi | 3 h ago

Africa Magic Sets ‘Hello Future Me’ Premiere, Sequel to ‘Dear Future Me’ for August 31

correspondent | 1d ago

Violence doesn't solve anything!

Our weekly edition carries painful articles of people being murdered. Whilst some are classified as Gender Based Violence (GBV), there are still a large percentage of murder cases, which often happen at drinking spots, after people are heavily intoxicated. We have in the past carried articles where an individual was murdered because they refused to give someone a cigarette, and sadly this is where we are at now!In this very edition, there is an...

The Monitor Editor | 11 August 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Retrenchment exercise costs BTC P67m

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

Explore

More

Zambia’s polls marred by delays

Hichilema, Mundubile lead crowded race

Katuta: Playing in a crowded male-dominated field

‘Zero medals at Commonwealth Games not a surprise’

Red Roses, rivals turn up the heat

Block champions set for national showdown

Showa survives as BFL backs board rotation

Africa Magic Sets ‘Hello Future Me’ Premiere, Sequel to ‘Dear Future Me’ for August 31

Violence doesn't solve anything!