The annual inflation rate in June 2019 was 2.8 percent, registering an increase of 0.2 of a percentage point on the May 2019 of 2.6 percent. This is according to the Consumer Price Index released recently by Statistics Botswana.
The inflation rates for regions between May 2019 and June 2019 showed that rural village’s increased to 2.1 percent from 1.8 percent. Urban villages went up to 2.9 percent from 2.7 percent. Cities and Towns moved from 2.9 percent in May to 3.0 percent in June. The national consumer price index moved to 101.5 in June 2019, recording an increase of 0.2 percent from 101.3 which was registered in May 2019. The cities and towns moved from 101.4 to 101.6 registering an increase of 0.2 percent during the period under review.
The rural villages index realized an increase of 0.2 percent, moving from 100.9 in May to 101.1 in June 2019. The urban village’s index registered an increase of 0.1 percent, advancing from 101.5 to 101.6 over the two periods. Group indices were generally moving at a steady pace between May 2019 and June 2019, recording changes of less than 1.0 percent.
The furnishing, house hold equipment and routine maintenance group index advanced to 101.6 from 100.8 recording an increase of 0.8 percent over the two months. This was attributed to the general increase in the constituent section indices, notably, goods and services for household maintenance, glassware, tableware and household utensils.
The alcoholic beverages and tobacco group index registered a rise of 0.7 percent, from 102.4 in May 2019 to 103.2 in June 2019. This was due to an increase in the constituent section indices of alcoholic beverages, which was 0.8 percent and tobacco which registered 0.4 percent. The housing, water, electricity, gas and other fuel groups index moved from 100.4 to 100.9, registering an increase of 0.5 percent during the period under review. This was due to an increase in the constituent section index of rent paid by tenants, which went up by 1.2 percent.
The All-Tradeables index was 101.4 in June, registering an increase of 0.1 percent. The Non-Tradeables index realized an increase of 0.3 percent, moving from 101.3 in May to 101.6 in June 2019. The Domestic Tradeables index recorded an increase of 0.1 percent, advancing from 102.3 in May 2019 to 102.5 in June. The Imported Tradeables index, remained at 101.0 between May and June 2019.
All-Tradeables inflation rate stood at 3.2 percent in June 2019, recording a drop of 0.5 of a percentage point on the May 2019 rate of 3.7 percent. The Non-Tradeable inflation rate accelerated to 2.0 percent in June from 0.8 percent in May 2019. The Imported Tradeables rate went down to 3.6 percent in June from 4.4 percent in May, while the Domestic Tradeables inflation rate advanced from 2.4 to 2.6 percent over the two months.
According to the Bank of Botswana “the increase in inflation during June 2019 reflects the rise in the rate of annual change in prices for most categories of goods and services, led by ‘Alcoholic Beverages and Tobacco’ (from 2.9 to 3.4 percent) and Furnishing, Household Equipment and Routine Maintenance (from 1.7 to 2.1 percent). Other categories contributing to the higher inflation are: Food and Non-alcoholic Beverages (from 1 to 1.3 percent), Health (from 1 to 1.2 percent), Recreation and Culture (from 0 to 0.2 percent) and Clothing and Footwear (from 1 to 1.1 percent).
The decrease in the deflation (from -9.3 to -0.1 percent – due to base effects associated with the reduction in voice call tariffs in June 2018) in ‘Communication ‘also contributed to the higher overall annual inflation in June than in May. However, the upward pressure on inflation was partly offset by inflation decreasing with respect to Transport (from 7.7 to 6 percent) and Restaurants and Hotels (from 2.5 to 2.3 percent). Inflation remained unchanged for: Housing, Water, Electricity, Gas and Other Fuels (1.7 percent), Education (3.2 percent) and Miscellaneous Goods and Services (4.8 percent).”
Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.
Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.
More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.
Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.
A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.
Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.
As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.
Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.
The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.
Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.
“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.
He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.
Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.
“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.
He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.
He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc
“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran
Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.
“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.
Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that the BIE provides a fertile environment where they can meet, share ideas and grow professionally.
“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.
He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.
“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams
He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .
Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.
“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.