My Money
Monday, June 07, 2010
The recent credit crunch has forced many lenders to review the maximum amount they are willing to lend, especially in mortgages, where 100 percent financing has now become a thing of the past.
Most lenders have now become more strict, requiring the borrower to contribute a higher deposit towards the purchase of property.
Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...