BPC liabilities exceed assets by over P1 billion – Auditor General
In her latest report, The Auditor-General, Pulane Letebele has expressed concern that currently, Botswana Power Corporation (BPC)’s liabilities exceed assets by a staggering P1.40 billion.
Known as ‘asset deficiency’, in the business world this is regarded as a sign of financial distress and indicates that a company may be headed for bankruptcy.
According to Letebele, the power utility has continued to incur a loss before tax of P558 million before taking into account the tariff subsidy grant received from the governm...
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In this article:Bank of Botswana, BPC, Business, FNB South Africa, Morupule B, Pulane Letebele, PWC, Standard Chartered Bank Botswana
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