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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
The State apparatus must be sanitised

When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...

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