Darkening economic clouds to greet election victor

BCL workers at BCL mine
BCL workers at BCL mine

In arguably the most abrasive electoral campaign the country has witnessed with the highest stakes set, Mmegi Staff Writers, MBONGENI MGUNI and PAULINE DIKUELO argue that whoever emerges victorious in the elections will have little time to celebrate. The economy is on shaky ground

Former president, Ian Khama knows the feeling all too well. When he won his first term in October 2009, he was welcomed by the country’s worst economic crisis, in which the global financial crisis collapsed the diamond sector.

The economy shrank by 7.7 percent, shed thousands of jobs and forced the country to borrow US$1.5 billion from the African Development Bank.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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