Matambo urges SADC to foster private sector
Wednesday, March 16, 2016
Speaking at the SADC Council of Ministers meeting that ended in Gaborone yesterday, Matambo noted that a strong commitment is also required from the private sector to promote investment in areas where market gaps exist.
“Promoting sustainable and inclusive economic growth is vital for promoting long term economic development as well as addressing the demographic challenges that we are currently facing,” he said.
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...