Wean off burdensome parastatals

The 2012-13 Auditor General’s report on the performance of certain state-owned enterprises presents nothing new. It is generally well-known that the BPC, BMC, WUC, Air Botswana and Botswana Railways are among perennial loss-making parastatals, which have over the years cost the taxpayer billions in lost dividend revenue, subsidies and loan guarantees.

What is new in the report is the inordinate extent to which losses have risen and the equally steep subsidies that have been required to plug the hole at these subsidiaries. The BPC, alone, recorded a loss of P1.25 billion during the year under review even with the benefit of an P871 million subsidy. This year, the BPC will receive P1.5 billion in the form of a subsidy, on top of P1.4 billion last year.

Editor's Comment
Let’s stand against the menace of ‘CAT’

Methcathinone’s addictive grip is tightening, and its consequences are devastating. Lives are being ruined, families torn apart, and futures dashed by its destructive power. The drug’s allure knows no bounds, with various methods of ingestion making it accessible to users of all preferences.Whether it’s snorted, smoked, injected, or taken orally, the outcome is the same: a path of ruin and despair. It is time for action. The government,...

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