Stronger Pula stifles SA bound exports

Kapur
Kapur

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.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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