Rental freeze set to squeeze BHC revenues
As the Botswana Housing Corporation (BHC) counts the costs of a five-year freeze on rentals, indications are that government could continue its freeze on an area that accounts for the bulk of the Corporation’s revenues.
Rentals across the BHC’s 10, 300-strong portfolio of properties were last increased in 2005 while in the interim, the Corporation has struggled with higher inflation and materials’ supply costs, which have contributed to steep maintenance charges for the rental properties. Other overheads such as labour costs and fuel have also climbed over the years, while rental rates have remained stagnant.
The rentals also [continue reading]