The buck that refuses to be passed


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
Your vote matters

This period, running from May 20 to 31 2024, is crucial for those who have not yet registered to vote. This announcement comes in response to a significant shortfall in registered voters following the recent registration period. As it stands, only 62% of the target number of voters registered, leaving a considerable gap.With Botswana's general elections scheduled for October, every eligible citizen needs to register and exercise their...

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