Businesses remain upbeat despite diamond slump

The survey, conducted in June, comes as the local private sector braces for a P4.03 billion deficit in the 2015/16 financial year and significantly lower growth, due to a slump in diamond and base metal prices. While the Economic Stimulus Package announced last weekend is expected to positively impact these forecasts, few details on its timing and size have thus far been availed.

Released to the media at a briefing held in Gaborone this week, Deloitte’s CFO survey covers 45 Botswana CFOs who manage a collective annual turnover of US$250 million. The survey was also carried out in other parts of the world, including several African states.