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Botswana’s Next Credit Rating Battle …will be won on results
With the next sovereign credit rating reviews on the horizon, Botswana faces the task of convincing rating agencies that the fiscal consolidation measures and debt-management strategy being implemented by Government are credible and sustainable enough to avert another downgrade. Responding...
From One Headache to Another
Botswana may have bought itself some breathing room on the external front, but it has not escaped the underlying fiscal problem created by the diamond downturn. According to Nikolaus Geromont, Fixed Income and Currency Strategist at Absa Group, recovering reserves...
The Story Behind the Reserve Recovery
The government has retained the weaker Pula regime introduced during last year’s foreign-exchange reserves squeeze, preserving a policy that raises the cost of foreign currency for commercial banks and funnels more trading into the interbank market. In its latest review,...
Ndaba’s Ship Starts to Turn
The Ministry of Finance's fiscal consolidation drive is beginning to show measurable results, with independent economic estimates pointing to a substantially smaller budget deficit after spending controls that the ministry says reduced government purchase commitments by P3 billion. Economist Keith...
Standard Bank positions AI as long-term competitive capability
Standard Bank Group is entering the next phase of its artificial intelligence evolution, moving beyond the adoption of individual tools and experimentation with use cases towards embedding AI as a core organisational capability. As access to leading AI models becomes...