Stronger Pula stifles SA bound exports

Friday, May 13, 2016

A strong and overvalued currency is putting Botswana’s economic growth at risk by making its exports too expensive and uncompetitive.

This emerged during a debate on the Pula to Rand parity at a special annual general meeting of the Botswana Exporters and Manufacturers Association (BEMA) in Gaborone this week.

Subhash Kapur of Reliance Foundries said the foreign exchange rate policy was the single biggest factor that made Botswana manufacturers uncompetitive, resulting in loss of revenue for the exporters as well as loss of jobs.

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