Inflation spike rattles business confidence

Going up: Inflation is expected to breach the six percent level soon
Going up: Inflation is expected to breach the six percent level soon

Local companies expect cost pressures to rise ‘substantially’ in the second quarter of the year, due to the increase in inflation, which in turn is driven by factors such as the increase in Value Added Tax and others.

The Bank of Botswana’s (BoB) latest business confidence survey covering the first quarter of the year shows that firms are concerned that input costs will rise in the second quarter in line with an uptick in inflation.

The central bank recently said it expected inflation to ‘possibly’ breach the upper bound of the three to six percent medium-term target within the second quarter of the year. Data released by the BoB recently shows inflation reaching as high as 6.5 percent by September 2021.

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...

Have a Story? Send Us a tip
arrow up