Businesses less optimistic about 2010 - Survey

Businesses in Botswana are becoming less optimistic about their 2010 prospects than they were last year as negative expectations on regulations, red tape and lack of skilled manpower take hold.

According to a survey carried out by international accounting and consultancy firm, Grant Thornton, Botswana business expectations for employment growth, revenues and profitability remain positive while bureaucracy and a lack of skilled workers are holding businesses back.

As a result, the country's optimism level has fallen 19 percentage points from +81 percent in 2009 to +62 percent in 2010.
This compares unfavourably with optimism among businesses globally, which rose by 40 percentage points to +24 percent from -16 percent.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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