Optimism improves amongst local firms but concerns persist
Friday, May 05, 2023 | 150 Views |
The views are contained in the latest edition of the Bank of Botswana’s (BoB) Business Expectations Survey (BES) released on Tuesday.
The BES is conducted quarterly amongst a sample of firms representing most economic sectors and comprises different-sized entities which are both inward and export-facing.
The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...