GDP numbers sparkle, but household and business struggle
Friday, December 22, 2017
In September, the Ministry of Finance officials revised the 2017 growth estimate to 4.7% from 4.2% projected in February as higher output from the services sectors and the end of a drought eased pressure on major industries.
But numbers show that households and business are increasingly playing a lesser role in driving the economy and analysts believe the anomaly between the sparkling economic growth numbers and the struggling household is a reflection of Botswana’s economic structural set up.
The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...