Connect with us

Hi, what are you looking for?

News

Government can no longer afford bailouts – Segokgo

TRANSPORT MINISTER: Segokgo

Minister of Transport and Communications, Thulaganyo Segokgo, has urged parastatals within his ministry to reinvent themselves so that they can be self-sustainable.

Speaking on Thursday during the signing of shareholder compacts with state-owned ICT organizations which include Botswana Communication Regulatory Authority (BOCRA), Botswana Fibre Networks (BOFINTE), and Botswana Post, Segokgo said the government can no longer afford bailouts, therefore urged these enterprises to become more innovative.

“Every organization has to reinvent itself to become self-sustainable, I call on directors of these organizations to find ways of self-sustaining,” said Minister Segokgo who is also a Member of Parliament for Tlokweng.

Meanwhile, Segokgo said the signing of the agreement between the ministry and these organizations will introduce objectivity in State-owned Enterprises (SoE’s) by documenting mandates and setting performance indicators.

Further, he said the agreement will guide the parties on how to use public resources to achieve economic growth.

He said the agreement will also be used to measure the economic and social value of activities undertaken by these SoEs.

Advertisement. Scroll to continue reading.

While he urged these entities to be bold in the process of re-inventing themselves, Segokgo urged them to guard against undue risks.

The Minister said if these organizations do not re-invent, the country will miss a golden opportunity of transforming the local economy from the upper-middle-income to high-income status.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

A Covid-19 patient tragically died after an ambulance that was transporting him from Hereford Clinic to Werda Clinic overturned in a gravel road about...

News

• Accuses Brewery of putting profits before Batswana President Mokgweetsi Masisi has responded to Kgalagadi Breweries Limited (KBL) in an urgent case in which...

News

Suspected thief accuses cops of assault A middle-aged man accused of shop breaking and stealing has hit back with accusations of his own, claiming...

Entertainment

Hashtag gains momentum As tension and anxiety reaches their peak, with a staggering 4, 008 Covid-19 positive cases registered in the space of three...

Entertainment

Shaya watched on as savages went for blood. Many of you my dear readers went in hard on the main paper’s front page last...

News

Was apprehended on a suicide mission

News

Man upset with lover for peeing next to his car Furious at his girlfriend for peeing next to his beloved car, a 31-year-old man...

Entertainment

Taking Tabitha to the top In 2013, Florence Manyena called time on her 29-year teaching career. The married mother-of-seven was not lost to the...

News

Judge Kebonang conflicted in the Isaac Kgosi matter-BURS The Botswana Unified Revenue Service (BURS) Acting Commissioner General, Segolo Lekau has made startling allegations against...

Entertainment

Following President Mokgweetsi Masisi’s announcement that a post for Chief of Staff will be created at the Office of the President, many names have...

News

Botswana Democratic Party Youth Executive Committee (NYEC) has joined the chorus of those of people calling against the possible extension of State of Public...

Entertainment

Kealeboga Dihutso (Radio Veteran): One day we’ll know why Prof. Mosepele Mosepele resigned then almost immediately backtracked… Whether he tells us or someone tells...

News

Botswana Congress Party has postponed its weekend elective congress to a later date possibly in September. BCP President, Dumelang Saleshando told the media this...

Politics

Member of Parliament for Mahalapye East, Yandani Boko gave Ministers a lecture on how they should prioritise issues in Parliament. When given the opportunity...

News

Minister of Finance and Economic Development, Peggy Serame says the ministry is reviewing the Special Funds to close existing gaps and avoid misuse. Answering...

Entertainment

Shaya would like to take this moment to congratulate Lepsy of DC Tours on his new set of wheels. I know my congratulations come...

Advertisement

Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.