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Business Botswana pushes 50% cut in fuel taxes

Fuelling frustration: High pump prices have raised the cost of living this year PIC: MORERI SEJAKGOMO
Fuelling frustration: High pump prices have raised the cost of living this year PIC: MORERI SEJAKGOMO

The country’s largest private sector lobby group, Business Botswana, is proposing that government cuts the various taxes on fuel by 50% for six months to ease the cost of living in the economy.

The proposals are contained in a lengthy submission to the Ministry of Finance, which this week kicked off consultations for the 2023–24 budget.

Business Botswana representative, Joseph Willie told a Budget Pitso held on Tuesday that the lobby group wants fuel excise and excise-equivalent customs duty rates for fuel to be halved from April to October 2023.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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