Local US dollar millionaires
Friday, August 01, 2014
A Sandton, Johannesburg wealth research firm, New World Wealth, estimates that in 2003, Botswana had approximately 1,600 US dollar millionaires with the figure more than doubling in the following 10 years. In a brief provided to BusinessWeek this week, New World Wealth Analyst, Andrew Amoils said the number of US dollar millionaires in Botswana was expected to reach 3,300 by 2023, representing a 43 percent increase over the next 10 years.
The New World Wealth report is the country’s first peek into a dataset regarded as highly private and where the individuals named have naturally sought to limit access or public scrutiny.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....