Diamonds are not forever, Khan reminds govt

Friday, April 07, 2017

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.

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