Delays in housing delivery sink BHC revenue
Wednesday, April 22, 2015
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.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...