Business confidence rises

During an advisory services cocktail event held at Gaborone Sun last week, it was indicated that the positive outlook is reflected in the views held by the country’s business leaders, with 80 percent expecting to see revenue growth in the next 12 months.

Managing partner of Grant Thornton Botswana, Jay Ramesh, explained that profitability expectations are also extremely high, as 88 percent of leaders predict an increase in profits, the highest figure for Botswana in 7 years and the highest in the 34-economy survey. He said export expectations also shot up in the third quarter to 26 percent, following single digits expectations in the three previous quarters. “Following predictions of economic growth in the short and longer term, Botswana’s business leaders are prioritising investment in a number of growth initiatives,” said Ramesh.