How will Brexit affect Botswana?

On 24 June, the announcement of a ‘yes’ vote for Brexit sent the markets on a panic mode and saw one of the biggest falls in the FTSE’s (UK stock index) 32-year history, as the FTSE 100 index dropped by around 500 points, or more than seven percent- and this came after the pound hit a 31-year low against the US dollar overnight. A number of companies also saw 20% or more wiped off their values. Banks have been badly hit, as have household retailers. The elite investors also lost over US$3 trillion in a matter of hours and some Euro stocks even collapsed more than the FTSE itself.