What makes the internet so amazing? For starters you can find information on anything and everything and it’s accessible to everyone without prejudice of who you are or where you are. With a few simple clicks of a keyboard you can connect with people from across the globe in nano-seconds. Click-click boom – you’re connected to the world.
Since the birth of the internet in 1991, it has become a place where millions of people can log into social networks such as Tumblr, Facebook and Twitter and share ideas, opinions and their lives with those closest to them.
The internet is still growing, and so are the sites that we visit on a daily basis. In Botswana there is one site in particular that has caught the attention of companies and job seekers alike, Careerpool Botswana.
Careerpool is our markets first online job board of its kind. The company seeks to become the central location for all jobs in Botswana. Vacancy information is collected from companies and delivered straight to the people that require it. The key here is the internet and the manner in which it has become such an integral part of our daily lives through mobile hardware like laptops, tablets and phones.
The fact that we always have these devices on or around our person gives the internet and websites like Careerpool greater power to simplify our lives. Instead of leaving the comfort of wherever you’re comfortable, be it home or at leisure with friends, you can now continue with your daily life knowing that proximity to these devices will ensure that you don’t miss out on your dream job.
There is so much information on the internet these days that it’s sometimes hard to keep up and really take advantage of it.
You can get onto the internet for hours every day for the rest of your life going through Instagram pictures, blogs on Tumblr, connecting with friends on Facebook and sharing your opinion on what’s trending in the world and not even reach a billionth of the information capacity the internet has to provide.
According to Blazepress, a website that looks at the most popular posts on the internet, over 6 billion hours of videos are watched on YouTube each month – that’s almost an hour a month for every person on the planet!
There’s so much information on the internet that it takes 1,000 computers to answer a single Google query in 0.2 seconds! It is for this very reason that Careerpool is such a welcome addition to the job search market.
Think of it as a tool that helps declutter job searching on the internet and makes it more focused for candidates. There is so much information that is available out there that it can become quite overwhelming and time consuming. Careerpool now becomes the job seekers personal assistant.
The personal assistant that fetches information from companies advertising vacancies across Botswana and delivers it directly to your portable device with minimal effort. It collects information and packages it neatly in a space where it is now manageable for candidates to discover and assess their interest – whilst providing them with instructions of how to apply.
The alternative is searching each and every company website to check for vacancy information.
A process that would have anyone gouging their eyes out in desperation and honestly speaking not all company websites are up-to-date. For those companies that aren’t on the internet, Careerpool provides an instant platform to become part of the triple-w information highway.
Knowing that when they advertise on Careerpool they are guaranteed that their job advert is going to a centralized location where it can be found by the relevant candidates.
This is not oversimplification, it’s a fact. With traffic numbers averaging 12,000 views per week employers can be assured that as Youtube is for videos, Twitter is for opinions and Tumblr is for blogs; our local market recognizes that Careerpool is for jobs. Don’t make the labour market swim upstream to find your vacancies. Don’t rest on your laurels either just because you have a company website.
By 2013 the internet had over a billion websites! Companies can simplify the process of candidates finding out about vacancies by advertising on Careerpool. So don’t have your vacancy get lost in the internet and decrease your chances of acquiring top talent.
They’re patiently waiting to hear their phone ping with a notification that their dream job has just opened up at your organization.
Don’t waste another minute, advertise on Careerpoolbotswana.com today and make the internet really work for you.
Marcian Concepts have been contracted by Selibe Phikwe Economic Unit (SPEDU) in a P230 million project to raise the town from its ghost status. The project is in the design and building phase of building an industrial hub for Phikwe; putting together an infrastructure in Bolelanoto and Senwelo industrial sites.
This project comes as a life-raft for Selibe Phikwe, a town which was turned into a ghost town when the area’s economic mainstay, BCL mine, closed four years ago. In that catastrophe, 5000 people lost their livelihoods as the town’s life sunk into a gloomy horizon. Businesses were closed and some migrated to better places as industrial places and malls became almost empty.
However, SPEDU has now started plans to breathe life into the town. Information reaching this publication is that Marcian Concepts is now on the ground at Bolelanoto and Senwelo and works have commenced. Marcian as a contractor already promises to hire Phikwe locals only, even subcontract only companies from the area as a way to empower the place’s economy.
The procurement method for the tender is Open Domestic bidding which means Joint Ventures with foreign companies is not allowed. According to Marcian Concepts General Manager, Andre Strydom, in an interview with this publication, the project will come with 150 to 200 jobs. The project is expected to take 15 months at a tune of P230 531 402. 76. Marcian will put together construction of roadworks, storm-water drains, water reticulation, street lighting and telecommunication infrastructure. This tender was flouted last year August, but was awarded in June this year. This project is seen as the beginning of Phikwe’s revival and investors will be targeted to the area after the town has worn the ghost city status for almost half a decade.
The International Monetary Fund (IMF) has slashed its outlook the world economy projecting a significantly deeper recession and slower recovery than it anticipated just two months ago.
On Wednesday when delivering its World Economic Outlook report titled “A long difficult Ascent” the Washington Based global lender said it now expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April. For 2021, IMF experts have projected growth of 5.4%, down from 5.8%. “We are projecting a somewhat less severe though still deep recession in 2020, relative to our June forecast,” said Gita Gopinath Economic Counsellor and Director of Research.
The struggle of humanity is now how to dribble past the ‘Great Pandemic’ in order to salvage a lean economic score. Botswana is already working on dwindling fiscal accounts, budget deficit, threatened foreign reserves and the GDP data that is screaming recession.
Latest data by think tank and renowned rating agency, Moody’s Investor Service, is that Botswana’s fiscal status is on the red and it is mostly because of its mineral-dependency garment and tourism-related taxation. Botswana decided to close borders as one of the containment measures of Covid-19; trade and travellers have been locked out of the country. Moody’s also acknowledges that closing borders by countries like Botswana results in the collapse of tourism which will also indirectly weigh on revenue through lower import duties, VAT receipts and other taxes.
Latest economic data shows that Gross Domestic Product (GDP) for the second quarter of 2020 with a decrease of 27 percent. One of the factors that led to contraction of the local economy is the suspension of air travel occasioned by COVID-19 containment measures impacted on the number of tourists entering through the country’s borders and hence affecting the output of the hotels and restaurants industry. This will also be weighed down by, according to Moody’s, emerging markets which will see government losing average revenue worth 2.1 percentage points (pps) of GDP in 2020, exceeding the 1.0 pps loss in advanced economies (AEs).
“Fiscal revenue in emerging markets is particularly vulnerable to this current crisis because of concentrated revenue structures and less sophisticated tax administrations than those in AEs. Oil exporters will see the largest falls but revenue volatility is a common feature of their credit profiles historically,” says Moody’s. The domino effects of containment measures could be seen cracking all sectors of the local economy as taxes from outside were locked out by the closure of borders hence dwindling tax revenue.
Moody’s has placed Botswana among oil importers, small, tourism-reliant economies which will see the largest fall in revenue. Botswana is in the top 10 of that pecking order where Moody’s pointed out recently that other resource-rich countries like Botswana (A2 negative) will also face a large drop in fiscal revenue.
This situation of countries’ revenue on the red is going to stay stubborn for a long run. Moody’s predicts that the spending pressures faced by governments across the globe are unlikely to ease in the short term, particularly because this crisis has emphasized the social role governments perform in areas like healthcare and labour markets.
For countries like Botswana, these spending pressures are generally exacerbated by a range of other factors like a higher interest burden, infrastructure deficiencies, weaker broader public sector, higher subsidies, lower incomes and more precarious employment. As a result, most of the burden for any fiscal consolidation is likely to fall on the revenue side, says Moody’s.
Moody’s then moves to the revenue spin of taxation. The rating agency looked at the likelihood and probability of sovereigns to raise up revenue by increasing tax to offset what was lost in mineral revenue and tourism-related tax revenue. Moody’s said the capacity to raise tax revenue distinguishes governments from other debt issuers. “In theory, governments can change a given tax system as they wish, subject to the relevant legislative process and within the constraints of international law. In practice, however, there are material constraints,” says Moody’s.
‘‘The coronavirus crisis will lead to long-lasting revenue losses for emerging market sovereigns because their ability to implement and enforce effective revenue-raising measures in response will be an important credit driver over the next few years because of their sizeable spending pressures and the subdued recovery in the global economy we expect next year.’’
According to Moody’s, together with a rise in stimulus and healthcare spending related to the crisis, the think tank expects this drop in revenue will trigger a sizeable fiscal deterioration across emerging market sovereigns. Most countries, including Botswana, are under pressure of widening their tax bases, Moody’s says that this will be challenging. “Even if governments reversed or do not extend tax-easing measures implemented in 2020 to support the economy through the coronavirus shock, which would be politically challenging, this would only provide a modest boost to revenue, especially as these measures were relatively modest in most emerging markets,” says Moody’s.
Botswana has been seen internationally as a ‘tax ease’ country and its taxes are seen as lower when compared to its regional counterparts. This country’s name has also been mentioned in various international investigative journalism tax evasion reports. In recent years there was a division of opinions over whether this country can stretch its tax base. But like other sovereigns who have tried but struggled to increase or even maintain their tax intake before the crisis, Botswana will face additional challenges, according to Moody’s.
“Additional measures to reduce tax evasion and cutting tax expenditure should support the recovery in government revenue, albeit from low levels,” advised Moody’s. Botswana’s tax revenue to the percentage of the GDP was 27 percent in 2008, dropped to 23 percent in 2010 to 23 percent before rising to 27 percent again in 2012. In years 2013 and 2014 the percentage went to 25 percent before it took a slip to decline in respective years of 2015 up to now where it is at 19.8 percent.