Mmegi

CCA dispatches price monitoring teams after Pula decision

Under pressure: More businesses are hiking their prices in the wake of the Pula adjustment FILE PIC
Under pressure: More businesses are hiking their prices in the wake of the Pula adjustment FILE PIC

The Competition and Consumer Authority (CCA) says it has dispatched teams to monitor price movements around the country’s businesses, in the wake of increases linked to the recent adjustment of the Pula exchange rate framework.

Since government adjusted the Pula’s rate of crawl downwards and increased banks’ trading margins for foreign currency trade with the Bank of Botswana, several businesses have adjusted their prices by up to ten percent.

The moves are expected to be inflationary and add to consumers’ woes in a year in which the economy is under pressure and where government’s own finances are strained.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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