BCL liquidation gobbles P1.9bn

He was responding to a question by Selebi-Phikwe West legislator, Dithapelo Keorapetse who wanted an update on the BCL liquidation: cost, duration and sales of assets. “Government has advanced P1,698,782,027.80 to the BCL liquidator since November 24, 2016. Also, government has paid a sum of P163,358,385 as terminal benefits to over 6,000 ex-BCL employees.

Funding from government was used mainly for the following: Care and Maintenance expenses, insurance, VAT payments, labour costs, technical costs (general & project), Botswana Power Corporation debt, Water Utilities Corporation debt, hospital running costs, housing maintenance and expenditure, and professional and technical services consultancy fees,” he said.