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One-sided match against inflation reaches injury time

Unmerry-go-round: Escalating fuel prices are driving higher inflation PIC: MORERI SEJAKGOMO
Unmerry-go-round: Escalating fuel prices are driving higher inflation PIC: MORERI SEJAKGOMO

Inflation reached 11.9% in May, the highest since January 2009, and the Bank of Botswana expects it top 12% when the June figures are revealed next month. Driving the higher prices of goods and services are runaway fuel prices which experts say are not going away anytime soon. Staff Writer, MBONGENI MGUNI reports

How high will inflation rise?

The answer depends on who you ask. At Kgori Capital, analysts expect that inflation will average 11.3% this year, a figure which if realised would be the highest average since 2008.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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