WUC posts P121m �artificial� profit
Wednesday, December 14, 2016
The parastatal’s financial results for the period showed it realised revenues of P1.3 billion in the year while expenses stood at P1.57 billion. This left the corporation with a loss of P242 million and in a state that makes it unable to operate as a going concern.
Auditing firm, Delloite said the loss incurred was before taking into account the P388 million tariff subsidy grant received from the government during the year.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...