Parastatals a big let down - Tibone

In his response to Finance and Development Planning Minister Kenneth Matambo's budget speech, Tibone said yesterday that having accrued only P107 million during the 2010-2011 financial year, parastatals were letting government down.

"It is comparable to what Choppies (chain store), a single entity, delivers to its shareholders in a year. I find that disappointing," he told the House. Presenting the budget for the 2012-13 financial year last week, Matambo said the commercial public enterprises had performed satisfactorily.  The minister said at the time that the highest dividend was from Botswana Telecommunications Corporation (BTC) at P57 million, which was 20 percent higher than the dividend paid the previous year.