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High loan costs force Batswana to shelve borrowing

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Despite banks being in a better place to lend money than they were last year at this time, credit uptake has almost stalled to zero due to high interest rates that have made borrowing too expensive to afford for many households. The negative credit growth is something that hasn’t happened in the past 30 years.

Data from the central bank shows that as of May, household credit stands at around P55 billion, less than P57 billion recorded in May 2025.

This means that households aren’t taking up new credit or getting new loans, not because they don’t want them but because they simply can’t afford them.

Editor's Comment
Violence doesn't solve anything!

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