BDC sees profits doubling

Gaetsaloe
Gaetsaloe

The Botswana Development Corporation (BDC) is expecting profits to almost double in the current financial year due to a transformational programme it undertook in 2013.

The corporation’s draft results for the year ended June 2016 indicate a profit before tax of P200 million, almost two-fold from P110 million in the previous year.

According to documents presented to the parliamentary committee on statutory bodies recently, the projection includes P129 million of divestment income as well as ordinary and special dividends from wholly-owned subsidiaries. The results reflect a recovery for the government investment arm, which had experienced huge losses of P176 million in 2012, P222 million in 2013 and P76 million in 2014.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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