Mmegi

Economy drifts into choppy waters... again

Supporting growth: The non-mining sector’s growth in the second quarter was helped by stable electricity supply. As diamonds attempt a recovery, non-mining activities need supportive utilities to play their part in resuscitating the economy PIC: MBONGENI MGUNI
Supporting growth: The non-mining sector’s growth in the second quarter was helped by stable electricity supply. As diamonds attempt a recovery, non-mining activities need supportive utilities to play their part in resuscitating the economy PIC: MBONGENI MGUNI

The economy this year entered familiar choppy waters with the prolonged downturn in diamonds weighing down growth and threatening the deepest contraction since COVID-19.

The waters are familiar because ever since minerals began to dominate values produced in the country decades ago, the economy became joined at the hip with the cyclical fluctuations of minerals, particularly diamonds.

Prior to that, cycles in the economy were more closely linked to periods of drought and periods of healthy rains, as values in the country were generally sourced from agricultural activities.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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