Diamonds are not forever, Khan reminds govt

Khan PIC: KENNEDY RAMOKONE
Khan PIC: KENNEDY RAMOKONE

Standard Chartered Bank regional chief economist for Africa Global Research, Razia Khan has appealed to the Botswana government not to be complacent about the country’s macro-economic stability.

Speaking at a focus group hosted by Standard Chartered Bank Botswana and the Botswana Investment and Trade Centre (BITC) on Wednesday, Khan said Botswana’s revenue sources are vulnerable, noting that the recent slump in diamond sales has proven that ‘diamonds are not forever’.

“Even the revenues from the Southern Africa Custom Union (SACU) will not help the country looking at the volatility of the economy,” she said.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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