Businesses less optimistic about 2010 - Survey
Tuesday, September 14, 2010
According to a survey carried out by international accounting and consultancy firm, Grant Thornton, Botswana business expectations for employment growth, revenues and profitability remain positive while bureaucracy and a lack of skilled workers are holding businesses back.
As a result, the country's optimism level has fallen 19 percentage points from +81 percent in 2009 to +62 percent in 2010.
This compares unfavourably with optimism among businesses globally, which rose by 40 percentage points to +24 percent from -16 percent.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...