CCA dispatches price monitoring teams after pula decision
Friday, July 25, 2025 | 150 Views |
Under pressure: More businesses are hiking their prices in the wake of the Pula adjustment FILE PIC
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 10%.
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.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...