NDB stops giving loans

NDB CEO Morapedi
NDB CEO Morapedi

The National Development Bank (NDB) has frozen loan disbursements in respect of all products offered by the financial institution.

Sources have disclosed that the bank is likely to declare a loss of between P10 million to P15 million.

Contrary to the bank’s claim of a clean bill of health, a special general meeting was held to communicate the opposite on January 14, 2015.  The bank management specifically announced to staff that due to a lack of funds, loan disbursements in respect of all products were being stopped.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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