Survey: 90% of Batswana earn below P10, 000 monthly

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About 90 percent of Batswana earn not more than P10, 000 per month, a trend that has contributed to the low uptake of financial services such as mortgage finance, a diagnostic study on financial services provision shows.

Results of the Making Access Possible (MAP) report released in Gaborone this week, show that a combination of high cost of land as well as low incomes has excluded the majority of the population from mortgage finance.

The MAP study derived the income distribution figures from the 2015 Finscope survey, which was conducted between October and December last year sampling 1503 respondents from Botswana’s total population of 1.3 million adults.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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