Foreign Investors Evade Tax Regoeng

Molepolole North legislator, Oabile Regoeng  said he was concerned by the millions of pula that left the country through tax evasion.

In a question in Parliament last week, Regoeng wanted to know if it was not an opportune for travellers at ports of exit carrying cash above a certain threshold to produce proof from the bank that the money was withdrawn from and/or information on its real source.

Responding to the question, Minister of Finance and Economic Development, Thapelo Matsheka told Parliament that there was no maximum amount of hard cash that an individual was allowed to carry when they travelled to foreign destinations. However, Matsheka said that in line with the general cash transaction threshold provided for under Regulation 19 of the Financial Intelligence Act, travellers in or out of Botswana are required to declare the money.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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