Pragmatic and point-blank economics
Friday, May 15, 2026 | 80 Views |
Mogae
In 1969, then 30-year-old Festus Mogae found himself as one of the very few black faces around a table dominated by Afrikaner governance veterans as a young Botswana and other regional ‘minnows’ negotiated clauses in the Southern African Customs Union (SACU) agreement.
Having joined government, the year before in 1968, Mogae was one of the rare indigenous professionals in a public service still dominated by the former colonial power. At the time of Independence in 1966, Mogae was one of just 22 university graduates in the country and was quickly snapped up to the Development Planning ministry under then-vice president, the late Ketumile Masire.
“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...