Statistics Canada data show that through the 1990s, income from the third pillar grew in importance, rising from 18 per cent to close to 30 per cent of retirement income.
Furthermore, the Bank of Botswana will continue to emphasise the role of banks and other lenders in the country of instilling financial discipline, as well as promote ‘truth-in-lending” through greater transparency of credit terms and the true cost of borrowing over the life of a loan facility.