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Richest 1% in Botswana earn 20 times the national average

The lap of luxury: Previous wealth reports indicated that the Okavango Delta is one of the favourite addresses for the world’s richest PIC: THALEFANG CHARLES
The lap of luxury: Previous wealth reports indicated that the Okavango Delta is one of the favourite addresses for the world’s richest PIC: THALEFANG CHARLES

A new global report released by the World Inequality Lab this week estimates that the richest one percent of people in the country earned more than 20 times the average income of the rest of Batswana in 2021, underlining the gap between classes in the country. Staff Writer, MBONGENI MGUNI reports

The World Inequality Lab’s database released this week features an interesting tool that allows users to gauge where their income lies in their country’s overall picture. According to the tool, to be in the top one percent of income earners in Botswana, you had to earn at least P142,601 per month in 2021 before tax.

By comparison, to be in the midpoint of the scale, where 49% of people earn less than you and 51% of people earn more than you, you have to earn P5,213 per month.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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