Time For BBS To Commercialise - Kgosidiile

In his notes in this year’s financials, the chairman said while BBS delivered a good performance (P54.9 million profit), despite challenging economic conditions, the results indicate the timing is appropriate for the business to change direction.

Kgosidiile says since inception in 1976 BBS had played a pivotal role in inculcating a culture of savings and assisting Batswana to acquire houses through affordable mortgages, however today customers demand more products and services, while BBS is no longer the sole player in mortgage financing.