Mmegi

Bank arrears top P6bn

Day by day: The construction sector’s arrears to commercial banks are growing PIC: MORERI SEJAKGOMO
Day by day: The construction sector’s arrears to commercial banks are growing PIC: MORERI SEJAKGOMO

Arrears to commercial banks have reached a high of P6 billion in April, with increases in the amounts owed by the construction and manufacturing sectors.

According to recently released Bank of Botswana data, various sectors of the economy, including households, owed commercial banks about P6.1 billion as at April 30. About P1.57 billion of this was classified as “specific provisions” which means arrears that are more than 180 days overdue, regarded as being in the worst category of defaulters.

By comparison, in March, total commercial bank arrears were estimated at P5.8 billion, with specific provisions of P1.56 billion.

Editor's Comment
Gov’t needs to give health care urgency it requires

The Member of Parliament is warning that patients suffering from chronic conditions continue to face potentially life-threatening interruptions to their treatment because of unreliable access to medicines.Amid the shortages, many Batswana have been left with no choice but to look for other treatment alternatives such as herbs, with many not having had been scientifically tested for effectiveness.Medications for hypertension, diabetes, heart...

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