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BoB’s voice in the wilderness hits home

Watching the numbers: Pelaelo PIC: PHATSIMO KAPENG
Watching the numbers: Pelaelo PIC: PHATSIMO KAPENG

For years, the Bank of Botswana has been warning about fiscal sustainability and the need for urgent reforms such as streamlining subsidies and broadening the tax base. Experts there say with the current level of spending, revenues and government’s savings, any new economic shock would cause a crisis. Staff Writer, MBONGENI MGUNI reports

Each year, the Bank of Botswana (BoB) carefully selects a theme topic for its annual report and for several years, the central bank has hammered home the ever increasing need to change the direction of the country’s economy.

The BoB is government’s economic advisor, an army of the country’s finest economic minds, highly trained in specialised and emerging subjects who spend their time analysing the risks and opportunities facing the country’s books.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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