Can All 2,300 Bots Millionaires Stand Up

According to a report in the Friday Mmegi, Botswana has US$ millionaires numbering 2,300. The report quotes an authority called Wealth Study by New World Wealth. This study, according to the same report, also reveals that in 2003, Botswana had 1,600 US$ millionaires.

Although the report has not satisfied the curiosity of the readers by naming the 2,300 millionaires in Botswana, or the 1,600 reported in 2003, the revelation, although lacking in detail, is quite interesting. There is no doubt that the rich list, or the millionaires in any country is a piece of very interesting information for the public. Why Statistics Botswana has treated this important question as a trivial matter, boggles the mind indeed. A flourishing economy should and must create millionaires, most importantly citizen millionaires, and not just investor millionaires.

We cannot talk about the success of Botswana as an economy without asking and answering the question, how many millionaires has the economy created, and also related questions like: Is the list of millionaires increasing? Are they the same names appearing? Are they increasing their wealth, or they have remained stagnant? Or how were they affected by the economic slump of 2008? are we creating new millionaires, youths, women, and so fourth.  Such questions should be deemed normal in a transparent economy. They should be viewed as part of a transparent process.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....

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