Tough times not yet over-analysts

Botswana's consumer inflation quickened to 15 percent in July from 14.5 percent in June, largely on higher transport costs, and if Government goes ahead with the proposed 70 percent levy on alcohol, it could add up to 5-6 percent on inflation.

"The recent decline in fuel prices and the decision by the central bank to leave interest rates on hold is a positive step, but it is too premature to conclude that inflationary pressures are over," said Garry Juma of Motswedi Securities.