WUC Set To Pay Off P195m Bond
Monday, June 11, 2018
The cash-strapped utility will pay off its P195 million bond on June 26, 2018, when it matures. WUC has another P205 million bond due to mature in 2026.
WUC acting CEO, Thapelo Kalake told Business Monitor on Thursday that no plans had yet been made to issue a new bond for funding.
The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...