BDC sees profits doubling

Gaetsaloe
Gaetsaloe

The Botswana Development Corporation (BDC) is expecting profits to almost double in the current financial year due to a transformational programme it undertook in 2013.

The corporation’s draft results for the year ended June 2016 indicate a profit before tax of P200 million, almost two-fold from P110 million in the previous year.

According to documents presented to the parliamentary committee on statutory bodies recently, the projection includes P129 million of divestment income as well as ordinary and special dividends from wholly-owned subsidiaries. The results reflect a recovery for the government investment arm, which had experienced huge losses of P176 million in 2012, P222 million in 2013 and P76 million in 2014.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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