Business confidence dips

Friday, October 17, 2014

Chief Financial Officers (CFO) in Botswana have adopted defensive strategies as they become increasingly pessimistic about the business environment and their company’s performance.

According to the results of a Deloitte CFO 2014 survey, majority of the 34 CFOs and financial directors that participated in the Botswana survey do not expect a major improvement in operational performance this year and will opt to improve existing operations than expand into new markets and businesses.

Anticipated increased competition as well a projected hike in interest rate is also among the other factors contributing to the drop in confidence.

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