Page 32 - issue 25

32 Business

BDC successfully completed its ambitious
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also strengthen our existing workforce.
Botswana Postal Services Limited announced a : 5-year transformation strategy
- Year-on-year Revenue Growth of 16.5%
- Cost to Income Ratio of 98.6% (a 0.7%
improvement from the previous year) against a
target of 96%
- Controllable Costs Increase of 33.7%
(Primarily from the costs incurred during the
amalgamation exercise compared to the 6.8%
reduction of the previous year.)
- Declaring Profit before tax of P6.2Million (a
51.5% improvement from the previous year)
- Balance Sheet growth of 2.9% (with a
growth in assets to P576.1 million)

“The new strategy that we are working on which
is built on familiar foundations: excellence in
execution, technology and smart partnerships,
should bring us to these outcomes and beyond.”
he said.

Notably he thanked the entire Management of
Botswana Post, past and present, for Leading
Simply and modelling the behaviour that they want
to see in others. For always being bold enough
to dream big and wade into unchartered waters
without fear or favour. For believing that one of
the oldest public entities in the country can rise to
being among the best.

The Botswana Post Board Of Directors Chairman
Mr Nathan Kgabi also gave insight on how the
amalgamation had created a platform for a robust,
effective and efficient service delivery system for
customers. Thus, they are now able to harness
and deploy innovative technologies to boost
productivity, delivery and operational capability.

“As a result of the amalgamation process, to
some extent, we had largely anticipated a rise
in operational costs and unpredictable prices.
This is precisely why major steps were taken to
reinforce our fundamental strengths, that is,
efficient utilisation of resources. This resulted in
a significant improvement in our profitability to
P6.2m before tax. Going forward, our financial
situation is expected to improve significantly.” he
concluded.

Acting Managing Director, Moatlhodi Lekaukau

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