A nasty Independence gift

As Batswana celebrated a restrained and almost unrecognisable Independence Day this week, news filtered through that the country had officially entered a recession.

On the eve of Independence Day, Statistics Botswana released numbers showing that the economy shrank by a record 24% in the second quarter, with nearly all sectors showing considerable contraction. Mining, the country’s economic mainstay, dropped 60.2% in terms of real value added while the non-mining sector, which has increasingly supported the economy, fell 20.7%. None of this was unexpected. Economists and other analysts have long forecast a deep contraction due to the impact of COVID-19 which closed borders, reduced demand and prices for the country’s key commodities and inhibited productive activity through movement restrictions. In fact, government expects the economy to contract by 8.9% this year, the deepest recession in the country’s history since Independence, worse, even, than the 2009 global financial crisis-induced collapse. Behind these numbers are real human beings facing real challenges to simply put food on the table. Behind the numbers are rising national tensions over economic opportunities, increasing frustrations with the political leadership and growing disillusionment with long held aspirations.

As in many other countries, the pandemic has brought two crises to Botswana; health and the economy.  At its onset with the first case on March 31, authorities targeted the health crisis through interventions such as border closures and the lockdown.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

Have a Story? Send Us a tip
arrow up