Page 3 - Botswana Post News Today : Breaking News, Live Updates & Top Stories | Vimarsana

4th June 2021 The gap between BotswanaPost’s revenue and expenditure continues to widen, thanks largely to the amalgamation with its sister company – Botswana Couriers and Logistics some three years ago.  The two turned into a single entity after the sole shareholder – Botswana government issued out an instruction for the two entities to amalgamate following the cancelation of a proposed merger between BotswanaPost and another State Owned Entity – Botswana Savings Bank (BSB).  Last week, the company’s executives came out very clear that going to bed with an insolvent B...

GABORONE, (CAJ News) – AN economic slump, magnified by the downgrading of Botswana’s long-term local and foreign currency ratings, has made it imperative for the government to diversify its revenue base and stop financial commitments that are draining state coffers. Such obligations emptying the public purse include some state-owned enterprises (SOEs) beset by poor financial performance. Botswana has more than 40 SOEs. The Southern African country has suffered a major blow after the ratings agency, Moody’s, downgraded its long-term local and foreign currency ratings. The downgrade is f...