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Postman seeks cash bail-out from Gov't | Sunday Standard

4th June 2021
The gap between BotswanaPostâs 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 â 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 â Botswana Savings Bank (BSB).
Last week, the companyâs executives came out very clear that going to bed with an insolvent Botswana Couriers in 2018 has resulted in a weakened balance sheet.
As a result, BotswanaPostâs Chief executive officer – Cornelius Ramatlhakwane last week called on for a recapitalization of the company which he said is necessary to strengthen its balance sheet. ....

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Botswana Post records P39m loss

BotswanaPost Chief Executive Officer, Cornelius Ramatlhakwane, says the organisation has made a loss of P39 million last year. Speaking to Voice Money, Ramatlhakwane said over the last 5 years, BotswanaPost has worked hard to turn around its operations using the successful implementation of Executing Innovative Excellence strategy. He said this saw the Company reducing its […] ....

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