Banners
Banners

Latest News

The Ministry of Local Government and Rural Development has appointed B...
Local female rapper Sasa Klaas (Sarona Motlhagodi) of Mmamongwato fame...
A three-men Court of Appeal (CoA) panel comprising Judge President Ian...
Botswana Public Officers Pension Fund (BPOPF) supports in full efforts...
Banners
Banners

WUC expects P33m hit from Covid-19

MBONGENI MGUNI
WUC expects P33m hit from Covid-19
The Water Utilities Corporation (WUC) expects Covid-19 to impact its earnings by at least P33 million, adding to the Corporation’s perennial cash flow troubles.

Government stopped the WUC from disconnecting defaulting consumers during the State of Public Emergency as a way of helping Batswana cope with the pandemic. The State of Emergency was recently extended and will now end in March 2021.

As at March 2020, the WUC was owed P801.2 million by various customers, with households accounting for P460 million, government and council P233 million and the balance owed by businesses. 

The WUC’s latest financials, reflecting its performance for the year ended March 2020, show that it posted after tax profits of P75.6 million, helped by a P147.4 million revenue grant from government.

According

Banners
to its financials, the Corporation was headed for a P106 million operating loss, before the government support. In the year to March 2019, the WUC posted a P209 million operating profit.

The WUC has struggled financially in the years since 2009 when the Water Sector Reforms Programme (WSRP) began, requiring the Corporation to take over the supply of water to all urban centres and villages. Prior to the programme, the Corporation’s mandate was limited to urban centres and it regularly posted profits/surpluses, indicating that it was able to meet its operational needs from its own revenues.



Business

Banners
Banners ?>

Selefu

This calls for a serious security risk investigation

Latest Frontpages

Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper
Banners
Adana Escort
Adıyaman Escort
Afyon Escort
Ağrı Escort
Aksaray Escort
Amasya Escort
Ankara Escort
Antalya Escort
Antep Escort
Ardahan Escort
Artvin Escort
Aydın Escort
Balıkesir Escort
Bartın Escort
Batman Escort
Bayburt Escort
Bilecik Escort
Bingöl Escort
Bitlis Escort
Bolu Escort
Burdur Escort
Bursa Escort
Çanakkale Escort
Çankırı Escort
Çorum Escort
Denizli Escort
Diyarbakır Escort
Düzce Escort
Edirne Escort
Erzincan Escort
Elazığ Escort
Erzurum Escort
Eskişehir Escort
Giresun Escort
Gümüşhane Escort
Hakkari Escort
Hatay Escort
Iğdır Escort
Isparta Escort
İskenderun Escort
İstanbul Escort
İzmir Escort
İzmit Escort
Karabük Escort
Karaman Escort
Kars Escort
Kastamonu Escort
Kayseri Escort
Kıbrıs Escort
Kırıkkale Escort
Kırklareli Escort
Kırşehir Escort
Kilis Escort
Kocaeli Escort
Konya Escort
Kütahya Escort
Malatya Escort
Manisa Escort
Maraş Escort
Mardin Escort
Mersin Escort
Muğla Escort
Muş Escort
Nevşehir Escort
Niğde Escort
Ordu Escort
Osmaniye Escort
Rize Escort
Sakarya Escort
Samsun Escort
Siirt Escort
Sinop Escort
Sivas Escort
Şırnak Escort
Tekirdağ Escort
Tokat Escort
Trabzon Escort
Tunceli Escort
Urfa Escort
Uşak Escort
Van Escort
Yalova Escort
Yozgat Escort
Zonguldak Escort
Alaçatı Escort
Aliağa Escort
Alsancak Escort
Bornova Escort
Buca Escort
Çeşme Escort
Çiğli Escort
Gaziemir Escort
Karşıyaka Escort
fethiye escort
iskenderun escort
iskenderun escort
iskenderun escort
iskenderun escort
iskenderun escort karataş escort ceyhan escort ankara escort etimesgut escort çankaya escort altındağ escort mamak escort keçiören escort