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Fears of economic slowdown persist

Unbundling numbers: Cairns at the FNBB budget review PIC: FNBB FACEBOOK
Unbundling numbers: Cairns at the FNBB budget review PIC: FNBB FACEBOOK

The global economy is entering a period of slow growth which will likely last several years and impact Botswana, Rand Merchant Bank client strategist, John Cairns has said.

Key sectors such as diamonds and tourism, dependent on external demand, will be affected.

Speaking during First National Bank Botswana’s post-budget briefing recently, Cairns said an additional concern for Botswana was the uncertainty load-shedding was having on South Africa’s inflation outlook.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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