• LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECTJune 23, 2025
    RelatedPosts LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES Admiral Touch(PTY) Ltd – Farm Worker
  • LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALESJune 23, 2025
    RelatedPosts LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES Admiral Touch(PTY) Ltd – Farm Worker
  • DIKGOSI ON GBV CRISIS ‘Our communities are perishing’June 23, 2025
    BAKANG TIRO editors@thepatriot.co.bw RelatedPosts DIKGOSI ON GBV CRISIS ‘Our communities are perishing’ BOKO’S WAR ROOM AP, BPP ‘steal’ democrats   Dikgosi have raised concern over the escalating Gender Based Violence (GBV) incidents, which is getting out of hand as… Read more: DIKGOSI ON GBV CRISIS ‘Our communities are perishing’
  • BoB warns banksJune 23, 2025
    Banks violated BoB mandate by hiking rates without its consent BoB moves to crack whip, maintains the borrowing rate at 1.9% Tough times as borrowers fail to service extra expensive loans BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BoB warns banks BOKO’S… Read more: BoB warns banks
  • BOKO’S WAR ROOMJune 23, 2025
    President moves to salvage economy. Calls for bold strategic leadership STAFF WRITERS editors@thepatriot.co.bw RelatedPosts DIKGOSI ON GBV CRISIS ‘Our communities are perishing’ BoB warns banks BOKO’S WAR ROOM   In the boldest move yet, President Duma Boko summoned the… Read more: BOKO’S WAR ROOM
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Monday, June 23, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

Bank employees demand fairness

Drag Attorney General to court, demand removal of Banking Act restrictions on loans

patriot by patriot
October 15, 2024
in News
242
0
491
SHARES
1.4k
VIEWS
ShareShareShare

Employees in the banking industry, organized under Botswana Financial Institutions and Allied Workers Union (BOFIAWU), have dragged government to court demanding the repeal of Section 17(8) of the Banking Act, which imposes restriction on their loan applications. Arguments in the case were scheduled to be heard in Lobatse High Court on Wednesday, 09th October 2024 but have been moved to December 11th, 2024 due to unavailability of the judge. 

Section 17(8) imposes a limitation on persons by virtue of their being employed by banks when they apply for loans, which is not applicable to employees in other sectors of the economy. For example, if a bank employee earns P120 000 per annum they cannot get an unsecured loan exceeding P120 000. 

RelatedPosts

DIKGOSI ON GBV CRISIS ‘Our communities are perishing’

BOKO’S WAR ROOM

AP, BPP ‘steal’ democrats

Although they accept that the banking sector is a highly regulated environment industry that has policies and procedures to manage excessive and unreasonable practices by employees, BOFIAWU insists that such a piece of law is not only discriminatory against employees in the sector but also limit their opportunities. 

“We are saying that which is applied to workers elsewhere must be extended to bank employees. Otherwise, this amounts to discrimination. Bank employee’s standard of living has been gravely affected by these Section 17(8) restrictions with its limitations on borrowing. 

The restrictions are not justifiable and amount to discrimination to employees by virtue of them being bank employees . Our position is that Section 17(8) of the Banking act is archaic and regressive. We wonder why the Attorney General would defend such an act, at whose interest and what prejudice will anyone suffer if the act is repealed for the benefit of bank employees, “ retorted Keitshokile Basuti,

Executive Secretary BOFIAWU. 

At the hearing of arguments in the matter, the Attorney General will raise two preliminary points (points in limine) seeking the dismissal of the application. On one hand the AG argues that the failure to cite banks and the central bank amounts to a fatal non-joinder, and that the application does not contain the resolution purporting to authorise the launching of the lawsuit (void ab initio). 

“Rarely, does a litigant bring a suit for discrimination which is allegedly outlawed by the Constitution of Botswana but dismally fails to fit his/her/ its case within the grounds of discrimination stated in the relevant provision of the Constitution. The Applicants’ (BOFIAWU) ground for discrimination is not one of the grounds stipulated in the Constitution. And in fact, what the Applicant alleges as different treatment is not discrimination at all. This case is pivoted on section 17(8) of the Banking Act (BA) which prohibits

all banks from granting or permitting all the banks’ employees from being given unsecured loans, advances or credit facilities the amount of which exceeds such employees’ one year’s emoluments. It is clear that in this case it is the banks who give such unsecured loans to their employees and not the Respondents and therefore it is the banks who are directly affected. In short, it is being alleged that the employees of the banks are discriminated against by reason of or on the ground of them being employed by banks. 

Effectively, if the order was to be granted, it will have a direct implication or effect on the banks. These allegations, which deal with operations of the banks and regulation of the banks by the central bank, can better be answered by the banks and the central bank. They all have nothing to do with the respondents (Attorney General).” Reads part of the papers filed by the Attorney General in opposition. 

The case continues 

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Vacancy

Next Post

Branch wins Gold!

Related Posts

DIKGOSI ON GBV CRISIS ‘Our communities are perishing’
News

DIKGOSI ON GBV CRISIS ‘Our communities are perishing’

June 23, 2025
Auto Draft
News

BOKO’S WAR ROOM

June 23, 2025
News

AP, BPP ‘steal’ democrats

June 18, 2025
Wayei, Basubiya reject Motshegwa
News

Wayei, Basubiya reject Motshegwa

June 17, 2025
Local govt wins P20 million case
News

Local govt wins P20 million case

June 16, 2025
Boko mulls military hub
News

Boko mulls military hub

June 10, 2025
Next Post
Branch wins Gold!

Branch wins Gold!

  • LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECTJune 23, 2025
    RelatedPosts LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES Admiral Touch(PTY) Ltd – Farm Worker
  • LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALESJune 23, 2025
    RelatedPosts LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES Admiral Touch(PTY) Ltd – Farm Worker
  • DIKGOSI ON GBV CRISIS ‘Our communities are perishing’June 23, 2025
    BAKANG TIRO editors@thepatriot.co.bw RelatedPosts DIKGOSI ON GBV CRISIS ‘Our communities are perishing’ BOKO’S WAR ROOM AP, BPP ‘steal’ democrats   Dikgosi have raised concern over the escalating Gender Based Violence (GBV) incidents, which is getting out of hand as… Read more: DIKGOSI ON GBV CRISIS ‘Our communities are perishing’
  • BoB warns banksJune 23, 2025
    Banks violated BoB mandate by hiking rates without its consent BoB moves to crack whip, maintains the borrowing rate at 1.9% Tough times as borrowers fail to service extra expensive loans BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BoB warns banks BOKO’S… Read more: BoB warns banks
  • BOKO’S WAR ROOMJune 23, 2025
    President moves to salvage economy. Calls for bold strategic leadership STAFF WRITERS editors@thepatriot.co.bw RelatedPosts DIKGOSI ON GBV CRISIS ‘Our communities are perishing’ BoB warns banks BOKO’S WAR ROOM   In the boldest move yet, President Duma Boko summoned the… Read more: BOKO’S WAR ROOM
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?