Batswana are in the grips of indebtedness

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With ballooning household borrowing from "all possible sources" showing an unprecedented rise in consumerism, Botswana will need financial education and more stringent regulations to curb increasing bad debt and arrears, analysts warn.

An alarming 60 percent (P10.2 billion) of lending by banks currently goes to household spending.

This emerged at a consumer credit forum organised by the country's oldest and biggest fund manager Bifm and South Africa's FinMark Trust on Tuesday at the Gaborone Sun.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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