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Mining output drops by 27% in 2020 Q4 Diamond production fell hugely by 28% BAKANG TIRO editors@thepatriot.co.bw Key data released by Statistics Botswana (SB) suggests a record economic contraction in the local mining sector with mining production having declined by 27.1% in the fourth quarter of 2020. Statistician General Dr Burton Mguni said the index of mining production stood at 64.0 during the fourth quarter of 2020, showing a negative year-on-year growth of 27.1% from 87.8% in Q4 2019. The quarter-on-quarter analysis also indicates a significant decline of 11.7 % from the index of 72.5 ...

INSET: Basele A plethora of taxes and levies introduced at the beginning of this month is expected to erode consumers’ purchasing power, experts have warned. Speaking to Voice Money, Quantitative Analyst at First National Bank Botswana (FNBB), Gomolemo Basele, said the tax pronouncements for 2021 will undoubtedly erode the purchasing power of local households in the short- to medium-term – especially against a backdrop of low real wage growth and unemployment challenges due to the negative impact of the pandemic on domestic economic activity. According to recent data from Statistic...

Trade unions dismiss Serame’s clai20 000 jobs lost according to Statistics Botswana BAKANG TIRO editors@thepatriot.co.bw Trade unions has poured cold water on the announcement by Minister of Trade and Industry (MITI) Peggy Serame that her ministry facilitated the creation of a total of 10 951 jobs in 2020. Serame made the statement in parliament last week Thursday while presenting the committee of supply budget proposals for her ministry emphasizing that the jobs are against 11 400 target. Unions say that the reality of massive job losses on the ground differs with the minister’s figures....

Botswana Guardian Tlotlo Mbazo - BG reporter Dikoloti The emergence of COVID-19 has burdened the health system and made the fight against HIV/AIDS heavier. However, the results of the Botswana AIDS Impact Survey (BAIS V) are expected to enhance policy-making and planning. Acting National Coordinator at National Aids and Health Promotion Agency (NAHPA), Robert Selato says BAIS V survey has incorporated the COVID-19 pandemic and accommodated options for survey respondents to indicate for example, that they could not access health facilities because of lockdowns. The surv...

10th March 2021 Alongside South Africa, Zimbabwe, Namibia and other SADC countries, Botswana is one of the world’s most unequal countries in the world in terms of wealth and income. What is even more disturbing though is a new revelation that the extent of such inequality remains unknown. That is because available information on Botswana’s income and wealth distribution is also among the scarcest in the world. A Paris-based research project called the World Inequality Database has developed the Inequality Transparency Index (ITI) which tracks wealth and income inequality in se...