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Optimism improves amongst local firms but concerns persist

Friday, May 05, 2023 | 150 Views |

Heart of the city: More firms are optimistic about operating conditions in the fiscal year PIC: MORERI SEJAKGOMO

Local firms are more positive about operating conditions in the economy for the period through to March next year, although they still expect pressure on profits and their ability to create employment, BusinessWeek has learnt.

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.

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Optimism improves amongst local firms but concerns persist

Local firms are more positive about operating conditions in the economy for the period through to March next year, although they still expect pressure on profits and their ability to create employment, BusinessWeek has learnt.