Retrenchment looms at BHC

The Corporation has hit hard times in recent years as government has been reluctant to approve significant increases to the rentals BHC charges tenants, while the cost of new developments has eaten away at the cash flow. A slowdown in property sales is also understood to have removed the Corporation’s remaining lifeline.

In the 2014 annual report, BHC CEO, Reginald Motswaiso spoke of stagnant rentals that had not been raised since 2004 and the Corporation’s failure to sell 516 houses in Phakalane due to sewerage challenges, as factors driving down profitability.