Phakalane standoff slashes BHC revenues
Wednesday, August 13, 2014
Commenting on the published financial results for the year ended 31 March 2014, BHC Chief Executive officer, Reginald Motswaiso, said the corporation’s financial performance has been challenged by the decline of its major income sources.
He explained how sewage connection delays in the area have affected sales of houses in the area. “The situation was worsened by high costs for construction, leading to low margins to make new properties affordable to our customers,” said Motswaiso. The corporation had sold 100 units to both foreign and local clients in Phakalane who couldn’t move into the houses because there were no water, electricity or sewerage facilities last year.
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...