Mmegi

The nuts and bolts of a 24-hour economy

Around the clock: A 24-hr economy would encompass sectors such as entertainment, transport, logistics, hospitality and others PIC MORERI SEJAKGOMO
Around the clock: A 24-hr economy would encompass sectors such as entertainment, transport, logistics, hospitality and others PIC MORERI SEJAKGOMO

As the country forges a path towards a ‘round the clock’ operating economy, little has been said about the nuts of infrastructure, tax and policy frameworks that have to fit in with the bolts of regulation and financing needed to make this dream a reality, writes TIMOTHY LEWANIKA

Globally, the night-time economy is a multi-billion-dollar engine of activity, supporting millions of jobs across transport, hospitality, healthcare, energy, security, entertainment and urban services. Its appeal lies in its simplicity: extend trading hours, increase labour shifts, and unlock more spending. But the glossy promise masks a complex architecture.

The World Economic Forum (WEF) estimates that the global 24-hour economy stretching from varying sectors such as logistics, travel, manufacturing, hospitality will grow from roughly US$9.4 billion in 2024 to nearly US$25 billion by 2035. In several advanced markets, night-time activity contributes as much as four percent of GDP.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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