Phakalane housing sales boost BHC revenue

BHC houses in Phakalane
BHC houses in Phakalane

The Botswana Housing Corporation (BHC) registered a revenue growth of 56 percent during the financial year ended March 31, 2015.

The increase comes on the back of strong sales from the Phakalane housing project. The corporation recorded revenue of P470 million in that year, which is an increase from the P300 million for the same period in 2014.

The increase in revenue was largely driven by Phakalane houses' sales revenue, which increased by P176 million denoting a 193 percent increase. The Phakalane project, which was delayed due to issues of sewerage, was only delivered in the period under review.

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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