The buck that refuses to be passed

Mohohlo
Mohohlo

A boomerang effect from years of lax lending to the current reality of mounting arrears, to tighter industry wide controls on the “leakage” of bad loans to the Bank of Botswana’s “see no evil, hear no evil” approach, Staff Writer, MBONGENI MGUNI, prods the bubble that is household indebtedness


Approximately seven years ago, minimum wage earners were on an unnatural high. Barclays Bank Botswana, in a bid to corner the raging appetite for loans during the boom years before the recession, lowered its thresholds and offered credit cards to workers earning as little as P750 per month.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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