Sluggish mining retards economic growth
Friday, October 03, 2014
The rise in power generation at Morupule B helped moderate the effects of the mining sector slump on GDP
On a year-on-year basis, SB announced that Gross Domestic Product (GDP) growth was at 4.5 percent in the second quarter of 2014 from 7.3 percent in the same quarter of last year. The economy grew by 5.2 percent in the first quarter of this year.
According to SB, the largest contributor to a slower economic growth rate was a fall in mining output, predominantly diamond and copper.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...