Quote
"The size of the loan against the value of property, the so-called loan to value ratio, of 80 percent, is considered a prudent and safe lending practice, consistent with international norms."
K
Keletso Joseph Rakhudu"We will continue to coordinate all Citizen Economic Empowerment efforts and make the necessary adjustments if need be."
"The size of the loan against the value of property, the so-called loan to value ratio, of 80 percent, is considered a prudent and safe lending practice, consistent with international norms."
"I acknowledge Batswana are not getting much of what they deserve from the economic activities at stake but I believe we are getting there."
"We have, as a tripartite body, prioritised in the decent work country programme, four socio-economic features towards the attainment of the National Vision 2016, as well as towards achieving the Millennium Development Goals."
"Government has over the years embraced citizen empowerment initiatives in its development planning process by implementing specific programmes intended to empower Batswana in the absence of a specific empowerment policy."
"I do not consider the 20 percent owner’s equity contribution required by some commercial banks to be excessively high. Nor is it a deterrent to acquisition of houses or homes by Batswana."
"It must be noted that the recent global financial crisis was, among others, caused by unsecured lending by banks to finance the US housing market. Banks relaxed their lending requirements to meet strong demand for housing."