BBS profit down by 4%
Tuesday, August 11, 2009
Despite the profit knock, the Society's mortgage book grew by 20 percent while operating income was P135 million, an increase of P13 million on the previous year.
BBS Managing Director Pius Molefe said the reduction on profitability was caused by an increase in provisions as a result of difficult trading conditions emanating from the general slowdown in the economy.
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...