Trade deficit reaches P1.4bn

SA border PIC: MBONGENI MGUNI
SA border PIC: MBONGENI MGUNI

The country’s merchandise trade deficit was pegged at P1.4 billion in August, despite a 39% increase in exports and a decline in imports during the month.

A merchandise trade deficit means the country is importing more goods than it exports, a situation that weakens local foreign reserves and ultimately weighs on the value of the Pula. 

Statistics Botswana figures indicate that exports for the month were higher at P3.7 billion powered generally by stronger diamond sales. Imports for the month were 14% softer at P5 billion with reductions across the traditional high-ticket items such as diamonds, vehicles and equipment as well as fuel. 

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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