A budget for the ages: Time for Botswana business plan change
Friday, January 28, 2022 | 3840 Views |
Overhaul needed: The country’s economic model needs a revamp PIC: THALEFANG CHARLES
This statistic has been steadily worsening with Botswana ranked one of the most unequal countries in the world. Unemployment has steadily been climbing over the past 15 years to reach 24% officially (unofficially I suspect if you remove Ipelegeng and other 'internship' programmes you probably get close to 35% and maybe even 45%-50% when only looking at youth).
The COVID-19 pandemic has also shot inflation through the roof, with no respite expected as oil prices continue to soar, Botswana Power Corporation (BPC) continues to lobby for tariff increases, parastatals like the Botswana Housing Corporation (BHC) push up rentals and food prices continue to rise whilst incomes remain stagnant and retrenchments loom.
A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...