Subdued economy batters business confidence

“The overall confidence in the prevailing business conditions is at 36%, eight percentage points lower than the level that prevailed during the September 2015 survey.

“This was considerably lower than the 45% expected for this period at the time of the previous survey, a clear indication that expectations have been revised downwards. The continued subdued level of confidence possibly reflects the recurring water shortages in the greater Gaborone area as well as the continuing risk of power outages,” stated the central bank. The BCI value varies from zero to 100, with zero indicating extreme lack of confidence, while 100 indicates extreme confidence.