EXECUTIVES BRACE FOR LOOMING CREDIT SQUEEZE AS GOVERNMENT CONSIDERS COUNTER MEASURES.

Article By: Gilbert Manenye

Botswana’s private sector is preparing for a possible tightening in credit availability, as many anticipate ripple effects across industries and customer bases.

Responding to a question from Gabz FM News during the recent media briefing, Hollard Insurance Botswana’s Managing Director, Mosimanegape Molefi highlighted that the business community is indeed foreseeing a possible credit squeeze as the government looks to local capital to bridge the current fiscal gap.

He further noted that the scope and duration of the squeeze remains uncertain however they are increasingly alert to how a pullback in credit availability might affect not just their operations but also their customer base.

While speculation varies on the depth of the squeeze, Molefi pointed that they are cautiously hoping for a softer landing.