BotswanaPost’s Revenues Fall:  Private Couriers and E-mails Make Inroads

(3 Minutes Read)

Directors writing in the recently released annual report said the revenue figure for 2023–24 falls four percent short of the initial target. The performance is primarily attributed to a significant 29% decline in traditional mail volumes, highlighting a broader shift in consumer behavior and the changing landscape of communication.

BotswanaPost posted revenues of P254 million in the 2023–24 financial year, roughly the same as in the prior year, with stronger incomes from warehousing overcoming a drop in traditional mail volumes.

The postal parastatal’s main income lines are mail/postal, courier services, warehousing and agency, the latter being the biggest contributor, which involves service agreements for the use of BotswanaPost’s vast network.

BotswanaPost suffered pre-tax losses of P83.4 million for the 2023–2024 financial year, up from losses of P21.5 million, due mainly to higher credit loss allowances. The allowances are related to trade receivables, which are the amounts the parastatal is owed and expects to receive from its customers and service partners.

Read Also:

https://trendsnafrica.com/de-beers-finalize-diamond-agreement-with-botswana/

Directors writing in the recently released annual report said the revenue figure for 2023–24 falls four percent short of the initial target. The performance is primarily attributed to a significant 29% decline in traditional mail volumes, highlighting a broader shift in consumer behaviour and the changing landscape of communication.