Business credit growth slumps
Friday, August 14, 2020
Businesses are either unable to afford loans due to the COVID-19 crisis or prefer to finance their requirements from their own reserves, research by the central bank and other analysts has shown.
Credit growth, or the annualised rate of increase in loans, also slipped amongst households in May, being measured at 11.5% from 14.5% in April.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....