Botswana businesses more optimistic than peers

Botswana has been ranked among the top ten countries in the emerging markets that are most optimistic about the economic outlook in 2015, according to a Grant Thornton International Business Report (IBR).

This is despite the general fall in confidence globally with the uncertainty weighing heavily on business growth prospects.  The report stated that Botswana, which is the only African country on the top list, ranked position seven with a business confidence of 54 percent. The most optimistic country in the top ten was India with a confidence rate of 98 percent followed by Ireland of 82 percent. Germany was the tenth most optimistic country with a rate of 51 percent. A total of 35 countries were surveyed in the index.

Under the surveyed categories, Botswana ranks top in businesses expecting an increase in investment over the next 12 months. Furthermore, over the  same period, 68 percent of businesses in Botswana are most likely to increase their staff headcount.

Editor's Comment
Shame on BotswanaPost, like-minded employers

Just recently, the Manual Workers Union successfully interdicted BotswanaPost from implementing new terms and conditions of employment for its members without the union’s knowledge.The union then took the BotswanaPost to court seeking to stop the postal parastatal from implementing terms and conditions of the workers who fall under their membership without being involved on their behalf.In his ruling, Justice Isaac Bahuma of the Gaborone...

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