Mmegi

Five reasons to be hopeful about the economy

Coming soon: NexMetal’s revival of BCL has already received support to the tune of $150m 
PIC: NEXMETALSMINING.COM
Coming soon: NexMetal’s revival of BCL has already received support to the tune of $150m PIC: NEXMETALSMINING.COM

The economy is likely to shrink again this year, due to the prolonged diamond downturn and government’s decreased ability to spend. However, despite the clouds, there are bright spots both now and into the future. Staff Writer, MBONGENI MGUNI writes on some of these

No one needs to be reminded that the economy is in trouble. It doesn’t take the 5.3% contraction in the second quarter to tell you that economic activity and opportunities have significantly tightened.

Much of the challenges are linked to the downturn in diamonds, which is now impacting on government revenues - the main driver of private sector activity and growth.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up