Thoko Didiza, Minister of Agriculture, Land Reform and Rural Development. Photo: GCIS
Opposition MPs are concerned about the late tabling of the former Department of Rural Development and Land Reform s annual report for 2019-2020.
Agriculture Minister Thoko Didiza said the AG is still working with the Agriculture Land Holdings Account to finalise its report.
Didiza got an extension to table the report by 31 January.
Opposition MPs are concerned about the late tabling of the annual report for the 2019-2020 financial year of the former Department of Rural Development and Land Reform, which should shed light on R900 million which was moved from the Agricultural Land Holdings Account to a Covid disaster fund.
ON THE DECLINE: House financing is low
The Financial Stability Report has found the size of housing finance, as estimated by mortgages, to be substantially lower than regional standards.
By September this year, residential real estate sector mortgage loans stood at P14.2 billion, an increase of 1.8 percent from the P13.9 billion recorded in the same period last year.
However, the report states that as a ratio of household credit, mortgage loans constituted 30.2 percent of total loans, compared to 32.0 percent in September 2019.
The recently released development report, compiled by the Bank of Botswana (BoB), suggests housing finance is not proportionate with the needed development to fill the apparent need for housing, as well as the financing gap.