When the hunted becomes the hunter
Friday, May 08, 2015
With the industry facing shortages of loanable funds due to a prolonged period of over-extended lending without commensurate growth in deposits, banks have embarked on a deposit rummage offering unusually high returns for savers.
Sitting on over P10 billion in excess liquidity just two years ago, banks did not need to make any effort to attract deposits and offered menial interest rates to those that held any extra cash for savings.
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...