Formal employment shows slight increase
Wednesday, December 21, 2016
According to latest Stats Brief released on Monday by Statistics Botswana (SB), formal employment increased by 0.8%, which represents 3,095 persons from 404,387 persons in March 2016 to 407,482 persons in June 2016.
Private organisations recorded the highest increase in employment of 1.2%, followed by the local government and central government at 0.7% each.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...