Sankoyo forges partnerships to diversify revenues
Wednesday, January 25, 2017
STMT manager, Galesenngwe Haku explained that they are introducing new activities in their concessions to boost their revenue streams.
In 1996, STMT signed on to community natural resources programme focusing on hunting. However, in 2014 government stopped trophy hunting and instructed all entities like STMT, which generated millions of pula from the industry to switch to photographic tourism. But converting to photographic tourism has been an uphill battle for Sankoyo trust. “Our coffers have dried up. We are undertaking a diversification of our products offering. For us to survive we have to think outside the box,” Haku 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...