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    Debswana sponsors BFA’s National First Division League with P3.9m 

    Debswana sponsors BFA’s National First Division League with P3.9m 

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      Debswana sponsors BFA’s National First Division League with P3.9m 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      BCF Aims to Resuscitate Chess this Year

      BCF Aims to Resuscitate Chess this Year

      Tebogo’s Move to US on Hold

      “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

      NSAs decry Absence of School Sports 

      NSAs decry Absence of School Sports 

      BCF fails to send Team to Continental Schools Chess Champs

      BCF fails to send Team to Continental Schools Chess Champs

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      Household income stress is a threat to business – Absa 

      The MD of Absa Bank Botswana, Keabetswe Pheko-Mogashane, has warned that “the large part of our loan book value is driven by household borrowings”, shrinking household incomes are emerging as a major threat to business. Staff Writer KABELO ADAMSON reports

      mm by Kabelo Adamson
      September 22, 2022
      in Companies & Markets
      Reading Time: 1 min read
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      Household income stress is a threat to business – Absa 

      GABORONE 15 September 2022, ABSA Bank Botswana announces the interim financial result for 2022 half year in Gaborone on 15 September 2022. ABSA Botswana managing director Keabetswe Pheko Moshagane takes through the performance of the bank while Cynthia Morapedi takes over the financial part of the result. Moshagane during the result announcement. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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      Presenting solid half-year results of her bank recently, the Managing Director of Absa Bank Botswana, Pheko- Moshagane, said the bank has managed to quash the economic shocks presented by high inflation and the Russia- Ukraine war.

      She noted that the financial sector has been the most affected as lending interest rates have been slashed for a long time to cushion consumers against COVID-19 but inflation rose sparingly after rates were adjusted.

      Looking beyond inflation and other economic headwinds in the short to a medium-term, Absa’s MD noted that what is now emerging as a major threat to business is shrinking household incomes.

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      Tags: Absa Bank Botswanafinancial resultsInflationKeabetswe Pheko-Mogashane

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