Botswana Railways (BR), a state-owned enterprise, is grappling with a significant financial crisis. Recent High Court actions have led to the attachment of key assets, including train wagons, a truck, and company shares, due to mounting debts.
Assets Seized Over Unpaid Debts
Court documents indicate that the railway company is facing multiple legal enforcement proceedings. These actions stem from its failure to settle judgment debts owed to private companies.
Legal Challenges Emerge
Among the creditors are Voodoo Holdings and Excess Petroleum (Pty) Ltd., who have initiated legal processes to recover outstanding payments. The seizure of assets signifies the severity of the financial challenges confronting Botswana Railways.
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