The buck that refuses to be passed

Mohohlo
Mohohlo

A boomerang effect from years of lax lending to the current reality of mounting arrears, to tighter industry wide controls on the “leakage” of bad loans to the Bank of Botswana’s “see no evil, hear no evil” approach, Staff Writer, MBONGENI MGUNI, prods the bubble that is household indebtedness


Approximately seven years ago, minimum wage earners were on an unnatural high. Barclays Bank Botswana, in a bid to corner the raging appetite for loans during the boom years before the recession, lowered its thresholds and offered credit cards to workers earning as little as P750 per month.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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