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Economy survives first half: Nervy H2 beckons

Uphill task: Gaolathe is fighting to steer the budget and the economy back on track, while minimising pain to citizens PIC: KENNEDY RAMOKONE
Uphill task: Gaolathe is fighting to steer the budget and the economy back on track, while minimising pain to citizens PIC: KENNEDY RAMOKONE

The first half of the year has offered little relief from last year’s gloomy economic conditions, with key macroeconomic indicators still under pressure.

The prolonged downturn in the diamond market remains the main drag on growth, weighing heavily on the overall economy. The muted growth in the first two quarters spells a steeper downturn for the second half.

Botswana’s single commodity economy has always been a mirror reflection of the state of the diamond market, with turbulences in this market leading to problems for the government purse.

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Editor's Comment
DIS must correct costly stalemate

More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...

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