Businesses less optimistic about 2010 – Survey

source: Mmegi
BRIAN BENZA
Staff Writer

Businesses in Botswana are becoming less optimistic about their 2010 prospects than they were last year as negative expectations on regulations, red tape and lack of skilled manpower take hold.

According to a survey carried out by international accounting and consultancy firm, Grant Thornton, Botswana business expectations for employment growth, revenues and profitability remain positive while bureaucracy and a lack of skilled workers are holding businesses back.

As a result, the country’s optimism level has fallen 19 percentage points from +81 percent in 2009 to +62 percent in 2010.
This compares unfavourably with optimism among businesses globally, which rose by 40 percentage points to +24 percent from -16 percent.

The Grant Thornton International Business Report (IBR) is an [continue reading]

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