Also this week, an interpretation of postage due on a short-paid undeliverable U.S. postal card, and a crossword puzzle with clues featuring philatelic terms in Italian that must be translated into English.
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.