Improved work ethic raises Botswana�s competitiveness
Tuesday, October 04, 2016
A recent World Economic Forum (WEF) Global Competitiveness Report placed poor work ethic, which has over the years negatively impacted on the country’s rankings, at 16.2% this year, dropping from 19% last year.
Botswana National Productivity Centre (BNPC) research consultant and statistician, Letsogile Batsetswe said although poor work ethic in the national labour force continues to be the most problematic factor for doing business, the severity of this problem has significantly dropped.
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...