Phakalane standoff slashes BHC revenues

The long standing water and sewerage dispute at the Phakalane BHC houses was resolved early this year
The long standing water and sewerage dispute at the Phakalane BHC houses was resolved early this year

Botswana Housing Corporation (BHC) revenues declined by 36 percent to P300.4 million as sales of the Phakalane houses were not be booked because of disputes over utilities connection.

Commenting on the published financial results for the year ended 31 March 2014, BHC Chief Executive officer, Reginald Motswaiso, said the corporation’s financial performance has been challenged by the decline of its major income sources.

He explained how sewage connection delays in the area have affected sales of houses in the area.  “The situation was worsened by high costs for construction, leading to low margins to make new properties affordable to our customers,” said Motswaiso. The corporation had sold 100 units to both foreign and local clients in Phakalane who couldn’t move into the houses because there were no water, electricity or sewerage facilities last year.

Editor's Comment
Has life become worthless?

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