BCL closure slows economic growth

Friday, July 07, 2017

Ripple effects: Electricty and coal production are some of the sectors affected by the BCL closure

The economy grew at a slower rate of 0.8% in the first three months of the year compared to 2.3% in the same period last year as the full effects of the closure of BCL in the fourth quarter of 2016 come into play.

Although the economy’s new driver, the services sector continued to perform well, it was the 28.9% decrease in the real mining value added that largely slowed economic growth.

BCL’s closure also affected coal production with Morupule Coal Mine (MCM) reducing output while the water and electricity sector also reduced output due to the closure of the copper and nickel mines.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

President Duma Boko announced six additional Cabinet ministers this morning, making it the second set out of three planned batches.

Cabinet appointments: 12 down, six to go by tomorrow

Sharon Mathala | 6 h ago

Boko promises inclusive society

Innocent Selatlhwa | 2d ago

Will Boko abolish death penalty?

Lesedi Mkhutshwa | 2d ago

Moswaane hails BPP transformation for UDC victory

Lebogang Mosikare | 2d ago

De Beers hails spirit of renewal after Boko meeting

Mbongeni Mguni | 7 h ago

Man arrested for impregnating girlfriend's 13-year-old daughter

Pini Bothoko | 2d ago

Ngoma eyes return as Francistown Mayor

Chakalisa Dube | 2d ago

Court steps aside in sentencing rape-convict father

Larona Makhaiza | 2d ago

UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

Mmegi Editor | 08 November 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More