COVID-19 exposes well-known economic weaknesses

Down and out: BCL Mine's closure was a reminder of over-reliance on minerals
Down and out: BCL Mine's closure was a reminder of over-reliance on minerals

covid19

In a report on the fourth quarter of the year, researchers at Econsult said the country’s development model remained structured around public spending, domestically-focused services and subsidised state-owned entities.

"Once the macroeconomic driver of this model (diamonds) is disrupted, large macroeconomic imbalances in the fiscal accounts and the balance of payments – emerge very quickly," reads the report.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

Have a Story? Send Us a tip
arrow up