The one plus one of finance matters
Friday, March 21, 2014

Business Week: Do you think NBFIRA Financial Literacy Week is going to benefit Batswana, if so explain in detail?
Harriman: Yes, I think it really will. I think the more financial education we get the better. As a nation we are very often naive in financial matters, often falling for scams and abuse by moneylenders, fraudsters and crooks who exploit our ignorance. Take the example of the Eurextrade Ponzi scheme that operated in Botswana up until last year. Countless people “invested” their money in that scheme believing they could earn fantastic rates of interest of nearly 3 percent per day. They lost fortunes, often losing everything they had. That was ignorance and naiveté and the only weapons we have against those failings is education.
For a fact, in a democratic society such as Botswana, the media plays a crucial role of being watchdog, holding the powerful to account and exposing all possible wrongdoing for the benefit of the public.There has been a nagging question about who watches the watchdog after all? Perhaps, the investigations into alleged wrongful acts implicating those supposed to be playing the watchdog role will shed more light into what has happened such that the...