Fitch expects retail spending to strengthen

On the mend: Fitch researchers say local consumers are recovering from the COVID-19 knock and demand for electronics is on the rise 
PIC: PHATSIMO KAPENG
On the mend: Fitch researchers say local consumers are recovering from the COVID-19 knock and demand for electronics is on the rise PIC: PHATSIMO KAPENG

Researchers at credit rating agency, Fitch, have forecast a positive outlook for retail spending in the country, with consumers expected to steadily grow their purchases of consumer electronics such as mobile phones, laptops, and computers.

Fitch is forecasting an average annual growth rate of 13.2% in audio-visual, camera, and computer spending by local consumers over the 2022–2026 period. This will take spending from P2.2 billion this year, to P3.5 billion by 2026.

Similarly, household appliances will also experience strong medium-term growth, averaging 9.1 percent annually over the 2022–2026 period, according to the survey.


Editor's Comment
Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

Have a Story? Send Us a tip
arrow up