Trade deficit reaches P1.4bn

SA border PIC: MBONGENI MGUNI
SA border PIC: MBONGENI MGUNI

The country’s merchandise trade deficit was pegged at P1.4 billion in August, despite a 39% increase in exports and a decline in imports during the month.

A merchandise trade deficit means the country is importing more goods than it exports, a situation that weakens local foreign reserves and ultimately weighs on the value of the Pula. 

Statistics Botswana figures indicate that exports for the month were higher at P3.7 billion powered generally by stronger diamond sales. Imports for the month were 14% softer at P5 billion with reductions across the traditional high-ticket items such as diamonds, vehicles and equipment as well as fuel. 

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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