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
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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