Businesses less optimistic about 2010 - Survey

Businesses in Botswana are becoming less optimistic about their 2010 prospects than they were last year as negative expectations on regulations, red tape and lack of skilled manpower take hold.

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.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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