Businesses drive credit growth
Friday, October 17, 2014
Total credit extended by commercial banks increased by P334 million in July to P43.03 billion from P42.69 billion in June. This was due to an increase in loans to resident businesses by P264 million, non-resident business by P6 million and households by P63 million. Within the resident business category credit to parastatals increased by P369 million. Overall, the share of credit to the household sector to total credit fell from 56.8 percent in June to 56.5 percent in July.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...