High interest rates stifle property market growth
Friday, January 22, 2016
Despite the prevailing low interest rates regime prescribed by the Bank of Botswana’s accommodative monetary policy, a late 2014 liquidity dearth has pushed up the cost of funds for banks leading to higher interest rates on commercial loans. In its 2015 annual report, PrimeTime says adding to the existing challenges in the domestic market primarily the limitation of its size, supply issues and the intensity of competition for good quality investments has been the difficulty in securing funding.
“The terms on offer from the commercial banks are stifling activity with some lenders raising interest rates on existing facilities when the opportunity has arisen.
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...