BoB keeps hawk-eye on household debts

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With household indebtedness feared to be spiraling out of control, the Bank of Botswana (BoB) is keeping a close watch on the trends.

Statistics show that as at May this year, households owed P23.4 billion to commercial banks, rep- resenting 56.3 percent of the total credit.

In a review of the 2014 Monetary Policy Statement released this week, the central bank said the level of household debts is relatively high although default rates are still within satisfactory levels.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

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