Pelaelo: End of an era for a reformist

Term done: Pelaelo PIC: PHATSIMO KAPENG
Term done: Pelaelo PIC: PHATSIMO KAPENG

Inflation was 2.7% in October 2016 when Moses Pelaelo took over as governor of the Bank of Botswana. It is estimated that inflation for October will come in at 3.4% when the figures are finalised by the middle of next month.

As he left the top office on October 21, Pelaelo could be reasonably pleased that his seven-year tenure opened and closed with benign inflation levels. And if inflation control was the only item on the former governor’s job description, Pelaelo could depart satisfied that his administration wrestled against price increases and their numerous causes, to the point where he could pass on the baton to his successor with pride.

But inflation control was not the only target for Pelaelo and his administration. Coming into an office that had become synonymous with the 17-year long governorship of the late Linah Mohohlo, Pelaelo quickly put out signs that his tenure would be marked by change or reforms. As much as the course would stay the same, the ship’s captain had changed.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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