Economy in substantial growth

source: BOPA
29 January, 2010

GABORONE – The local economy is poised to register substantial growth this year, but full recovery is not expected until 2012, Bifm chairman has said.

Speaking at the launch of Bifm Economic Review for the last quarter of 2009, Dr Keith Jeffries said given improvements in the mining sector, the local economy should improve, although the diamond market has not improved to pre-crisis levels.

The mining sector should have a better year than in 2009, with improved prices for copper, nickel and diamonds, although there is always the danger of a price bubble that may not be sustained, he said.

He said improved global prospects should also help to stimulate a recovery of prospecting activity and support emerging projects that had been put on hold during the depths of the economic crisis.

Companies such as Mowana, Tati Nickel and BCL should be encouraged by the increased copper/nickel prices which have been buoyed by [continue reading]



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