Wednesday, August 10, 2022

BOCCIM President calls on gov’t to embrace privatization

The President of the Botswana Confederation of Commerce Industry and Manpower (BOCCIM), Alex Monchusi, has pleaded with government to promote privatization and also shift its focus in the facilitating and regulating of the private sector.

Addressing participants during the BOCCIM National Business Conference on Monday in Francistown, Monchusi said that it is high time that the government takes a bold step of letting go of business that belongs to the private sector.

“The government needs to be bold and let go of business that belongs to the private sector so that it can shift its focus on the business of facilitation and regulation,” he said.

Monchusi said that it is very important for the government to allow and promote the private sector as it is the only way it will help the private sector overcome the challenge of the small market that the population presents to the businesses. He went further to say that one of the challenges that exists with the private sector is the next level of development, which calls for a very sophisticated and innovative private sector.

“Competition is very tough out there and if after all the ground has been laid, our own members do not shape up to compete with the China’s and India’s of this world, it would be very difficult to grow our economy. We are aware that there is still a lot to be done with regard to customer service delivery and adaptation of technology in some parts of the private sector,” he said.

Monchusi added that, as the private sector, they continue to position themselves for this challenge.
He added that for many years, Botswana has been widely commended for having exemplary policy framework, which, in many respects, has underpinned its previous high rate of economic growth. He said that it is becoming evident that there is reason to believe that this perception is becoming less accurate.

“The reason we are gathered here today for the next three days, is for us to interrogate why our highly held profile and record is beginning to fade. Undoubtedly the recent economic recession has had its traumatic impact on government revenues, which in turn has affected the private sector activity given that the level of government’s development expenditure largely drives the private sector in this country,” he said.


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