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More join the super-rich ranks in Botswana

Good times roll for some: The gap between the super-rich and the poor remains stubbornly wide and growing 
PIC: MICROSOFT BING ARTIFICIAL INTELLIGENCE
Good times roll for some: The gap between the super-rich and the poor remains stubbornly wide and growing PIC: MICROSOFT BING ARTIFICIAL INTELLIGENCE

The number of individuals with a minimum of $1 million in liquid investable wealth in Botswana rose by three percent in the last decade, marking a slowdown. The wide gap between the rich and the poor persists however. MBONGENI MGUNI writes

According to data released last week by Henley & Partners in partnership with wealth intelligence firm, New World Wealth, the numbers of the super-rich are growing in the country.

The Africa Wealth Report is the continent’s most comprehensive assessment of wealth at country, city and individual level. Researchers analyse household income statistics, market capitalisation data, detailed records of high-net-worth individuals from the firms’ in-house database, property sector information, tax data and other tools, to support their findings.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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