Embrace the new normal

By mid-December, some shape or form of the bulky budget estimates should have been produced and according to the ministry’s own forecast, a significant deficit is anticipated.

A new normal is unavoidable for the country, simply because the drivers of revenue and growth in decades past, are ebbing away, without ready, robust replacements. At a microcosmic level, one example of this is the recent end of life of Letlhakane Mine, which originally opened in 1975. Debswana’s ‘replacement’ for Letlhakane is a tailings treatment plant, which will produce 800,000 carats annually for 20 years, saving jobs and supporting the economy, for a period.