Delays in housing delivery sink BHC revenue
Wednesday, April 22, 2015
![BHC Phakalane houses](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/april/22/php842E.tmp.jpg&w=400&q=72&f=jpg&t=1)
BHC Phakalane houses
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...