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
Public servants deserve better than union infighting

‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...

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