Lobatse auto plant suffers losses in debut year
Thursday, May 11, 2017
PAT BW’s poor performance for the year dragged down its parent group, Pasdec Resources SA, to a ZAR38.14 million (P29.7 million) loss for the financial year ended December 31, 2016.
PAT BW is the only commercially operating entity of Pasdec Resource’s SA, which is also a subsidiary of a Malaysian company. Prior to 2015, the Malaysian subsidiary, which manufactures automotive wiring harnesses for globally leading vehicle brands such as Nissan and Volkswagen, was based in Brits near Pretoria.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...