Businesses struggle to repay bank loans
Wednesday, August 06, 2014
Bank of Botswana (BoB) figures show total arrears as a proportion of outstanding bank credit increased from 4.5 percent at the end of the fourth quarter of 2013 to 5.2 percent as at end of March 2014.
“This increase is attributable to a large increase in arrears on credit to firms, while arrears on credit to households decreased. The increase in arrears on credit to firms is alarming as it indicates a further deterioration in business conditions,” reads a second quarter economic review report from Econsult.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...