Stronger Pula stifles SA bound exports

Kapur
Kapur

A strong and overvalued currency is putting Botswana’s economic growth at risk by making its exports too expensive and uncompetitive.

This emerged during a debate on the Pula to Rand parity at a special annual general meeting of the Botswana Exporters and Manufacturers Association (BEMA) in Gaborone this week.

Subhash Kapur of Reliance Foundries said the foreign exchange rate policy was the single biggest factor that made Botswana manufacturers uncompetitive, resulting in loss of revenue for the exporters as well as loss of jobs.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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