Delays in housing delivery sink BHC revenue

BHC Phakalane houses
BHC Phakalane houses

The Botswana Housing Corporation (BHC) has reported a 36 percent slump in revenue during the 2013/14 financial year, citing delays in delivering 516 housing units in Phakalane.

In its 2014 Annual Report, the public housing agency recorded revenue of P300 million as compared to P467 million recorded in the previous year. Rental income remained flat at P187 million year-on-year as the corporation focussed on selling its new property instead of leasing them.

According to management, the corporation has maintained the 11,500 threshold rental stock over the last three years, and the main strategy of selling more and renting less is meant to empower Batswana through home-ownership.

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

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