Mmegi

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
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

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