Tuesday, August 11, 2020

There is NO need to set jobs target ÔÇô Masisi

While he admits that joblessness continues to cause headache to his administration, President Mokgweetsi Masisi has said that there is no need to set targets when it comes to jobs creation.

Masisi was addressing his second press conference in the capital Gaborone on Monday late-afternoon.

“The world is too fluid and dynamic to do that. No one in the world has been able to set jobs targets and achieve them, they either created too many or below their target”, Masisi said.

He further indicated that there is also no need to put new time frames to the deliverables such as job creation and land allocation.

“The time frame is constitutionally provided for. We have a five year term in office in which we should deliver such. It can of cause be interrupted”.

In his earlier statement, Masisi noted that most of the legislation that has been passed in the ongoing winter session of Parliament are geared towards empowering Batswana economically.

Masisi’s sentiments come at time when industry captains have condemned government’s failure to articulate clearly how it will address the issue of unemployment. Over the years, there have been calls for government to deal with the problem of unemployment using numbers that indicate exactly how it has risen or fallen; and giving a proper rundown of how many jobs will or have been created through economic interventions.

CONTINUOUS HEADACHE…..

As recent as March 2018, the country’s largest insurance group – Botswana Insurance Holdings Limited (BIHL) described joblessness as one of the key challenges that this country is facing.

BIHL Group Chief Executive Officer, Catherine Lesetedi-Letegele said various data sources indicate that the number of formally employed individuals seems to have stagnated at around 300 – 350 thousand over the past few years.

Letegele said the trend demonstrate that the economy is not able to generate new jobs, which then poses a challenge for mature businesses like BIHL.

BIHL as well as other insurance companies’ business is driven largely by the ability to attract discretionary income. The continued pressure on these incomes as such poses a challenge for future growth of not only their business but could spread to the rest of the economy.

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Sunday Standard August 9 – 15

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