the monitor

Retrenchment exercise costs BTC P67m

Monday, January 16, 2023 | 1320 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.

Ketlogetswe refers joinder application to another judge

Lebogang Mosikare | 7 h ago

Covid challenges still haunt the tourism sector

Goitsemodimo Kaelo | 7 h ago

Botswana ready for South Africa

Calistus Kolantsho | 7 h ago

Ditshwanelo deeply alarmed

01 Dec 2023

BCP calls for urgent all party conference

Mpho Pheko | 01 Dec 2023

The voter registration crisis for 2024 General Election

Dumelang Saleshando | 01 Dec 2023

Time to pass a baton to the young

Tshwarelo Hosia | 01 Dec 2023

Electoral violence undermines democratic consolidation

Solly Rakgomo | 01 Dec 2023

Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

Mmegi Editor | 01 December 2023

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.

Explore

More