Mmegi

BHC reports surge in rental impairments

Household brand: BHC has plans for accelerated construction this year PIC: MORERI SEJAKGOMO
Household brand: BHC has plans for accelerated construction this year PIC: MORERI SEJAKGOMO

Botswana Housing Corporation (BHC) has recorded a significant increase in impairments, which rose to P23 million year on year, mainly within the rental receivables category, the corporation’s 2024 annual report shows.

At the close of the 2023–2024 financial year, BHC’s rental portfolio comprised 10,055 properties strategically located across the country, primarily consisting of low- and medium-income housing units.

For the year under review, BHC’s rental revenue amounted to P272.5 million, with an average vacancy rate of 1.8 percent.

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

Have a Story? Send Us a tip
arrow up