The government is secretly planning to “starve” public servants by slowing down the pace of spending on their wages and salaries, information pieced together by the Sunday Standard shows.
SUNDAY STANDARD reporter TLOTLO LEMMENYANE recently joined other business reporters in a media site visit of Small to Medium Enterprises (SMEs) that have previously received assistance from the Local Entrepreneurial Authority (LEA). She profiles some of the central district-based entities.
LALLA VILLA GUEST HOUSE
The number of jobs in the formal sector increased by one percent from 341 115 in September 2015 to 344 490 in September 2016 according to the latest Bank of Botswana (BoB) Annual Report.
The growth, according to the bank, is attributable to a slight increase in the number of private sector employees, especially in the construction sector.
De Beers Group of Companies says it is optimistic on the group’s outlook of the diamond industry market globally as there are signs of recovery.
Construction of the long-awaited 39-kilometre Tshesebe Masunga road in the North East District will finally be implemented this financial year at a cost of P400 million.
“The Story of Israel's economic miracle” is a 2009 book by Dan Senor and Saul Singer about the economy of Israel. It examines how Israel, a 60-year-old nation with a population of 7.1 million, was able to reach such economic growth that at the start of 2009, some 63 Israeli companies were listed on the NASDAQ, more than those of any other foreign country.
The Botswana government has been called to ensure that communities suffering the negative impacts from mining also benefit specifically from mineral development in their areas.
The pan-African financial services provider, BancABC Botswana, has attracted local talent by appointing Kgotso Bannalotlhe the substantive Managing Director (MB) Botswana.
BancABC’s latest big-fish catch is the former Barclays Bank Botswana Head of Corporate and Investment Banking.
Government investment arm, Botswana Development Corporation (BDC), has launched a P36-million factory development which houses Kromberg and Schubert, another player in the Botswana manufacturing space.
Kromberg is said to be a significant international player in the development and production of complex wiring systems for the automotive industry, with over 115 years in the market.
“POSH BUT POOR”, this could be one’s short description of the perils of Botswana’s impoverished middle class.
Past and recent global reports on wealth and equity distribution have documented the growing rates of impoverishment of the middle class in this country, once described as “Africa’s shining example”.
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