NDB Expects To Cut Loses By 50%
Monday, October 05, 2015
Despite tight liquidity, NDB remains self-sustainable and continues borrowing from the capital market which is still under a constrained interest rates environment.
Updating the media on their current business environment recently the CEO of NDB Lorato Morapedi said that an interest constrained environment and high cost of funding immensely affects the Bank’s profitability. The CEO further reflected that despite all these challenges, the Bank intends to break through the ceiling and shrink the Bank’s 2013/14 comprehensive loss by at least 50 percent during the year 2014/15 to ensure that the NDB tracks back to profitability.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...