The Downfall of Creativity: How Copycat Businesses Are Choking Botswana's Growth
Tuesday, November 05, 2024 | 480 Views |
Along with Eswatini, Seychelles, and Mauritius, Botswana and Namibia rank among the lowest populations in Southern Africa. While this small size offers advantages like a relatively high GDP per capita and better resource distribution, it also creates significant challenges for business growth.
One key issue businesses face in this context is market saturation—the struggle to scale and sustain within a limited consumer base. This may explain why many businesses in Botswana fall prey to the copycat syndrome.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...