Business confidence recovers as economy rebounds

Moses Pelaelo's BoB released the survey results on Monday
Moses Pelaelo's BoB released the survey results on Monday

The level of optimism amongst businesses seems to be increasing as economic growth continues on the recovery path, Bank of Botswana’s (BoB) latest Business Expectations Survey shows.

According to the survey, optimism amongst businesses strengthened from a confidence level of 43% in last year’s second half to 48% for the current survey period, and is expected to rise further in the survey horizon for both domestic market-oriented firms and exporters.

The economy grew by 4.3% in 2016 up from a negative of 1.7% in 2015.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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