Banks continue to tighten screws
Friday, November 27, 2015
Earlier this year, BoB released P 2. 3 bn into the market
This has compelled banks to think of more innovative ideas in order to stay afloat and most importantly shift focus.
Lending rates have drastically gone down in the past two years. Laws and regulations, coupled with the economic situation, have also not made the already suppressed margins better.
Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...