These move raises more questions than answers. Do these people really know what they are doing? Do they have our interests at heart? Why such a hurry while economically the country is still doing well? Is privatisation panacea for economic growth and development? So help them God for the Botswana Democratic Party capitalist regime don't know what they are doing.
Believe it or not, in principle privatisation is ideal in realising private sector and individual initiatives, of course it broadens domestic equity ownership. The ruling elites believe that privatization is a messiah for economic growth and development. To them privatisation will create a free market economy, promote domestic investment and generate new sources of revenue. President Festus Mogae et al also argue that the exercise will benefit the economy through higher return on capital in private business. To Mogae, Motsumi and PEEPA the move reduces managerial decisions and reduces the government control of business. Who is fooling who? Sorry, the Finance Ministry has something to add unto the list of justifications, Baledzi Gaolathe and his Permanent Secretary Serwalo Tumelo believe that privatisation will reduce the scope of government hence increase capital security.
