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
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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