BTCL unfazed as profits drop

Wednesday, July 03, 2019

The Botswana Telecommunications Corporation Limited (BTCL) is unruffled by a 15% drop in pretax profits to P196.7 million, as directors say they expect the group’s “significant” investments in its network in the past few years to monetise this year.

Commenting on the group’s results for the year ended March 31, 2019, BTCL directors said margins had come under pressure due to restrained consumer spend.

This had resulted in a 12% decline on the mobile business “despite the introduction of new products and services in the market and other initiatives to promote uptake”.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Eventful year: Besides Tebogo’s Olympic victory, Botswana experienced a shift of political power in 2024

2024: The year Khama came home, went to the Kgotla

Innocent Selatlhwa | 20 Dec 2024

The unprecedented fall of the BDP

Tsaone Basimanebotlhe | 20 Dec 2024

BCP 2024’s opposition of choice

Spira Tlhankane | 20 Dec 2024

A chat with Motube, the retired longest-serving police spokesperson

Pini Bothoko | 20 Dec 2024

Boko Haram’s cattle rustling strategy

Solly Rakgomo | 20 Dec 2024

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

Mmegi Editor | 20 December 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More