So SnapFlash viewers, what do you think of Botswana’s booming mining sector? Is this the key to economic growth or just the beginning? Let us know your thoughts in the comments!
Botswana has just shot itself in the foot. A landlocked country that relies heavily on mining for its economic survival and then chooses to sell a national asset like a mine effectively forfeits both control and potential future benefits.
I think they know what they are doing, the mine is old and they need heavy investments to mine further underground, the government however owns the majority shares if the big diamond mines, where the profit margins are much higher.
That mall in Selebi Phikwe speaks volumes, Woolies and PnP 😂 But let us be honest, Diamond sales are dwindling, and Cobalt won't get us far free from the mineral curse that hangs over the country. I want to hear DIVERSIFICATION from the mineral lead economy. Botswana's GDP shrank 1.8% quarter-on-quarter in the first quarter of 2024, following a 0.9% contraction in the previous period.
So SnapFlash viewers, what do you think of Botswana’s booming mining sector? Is this the key to economic growth or just the beginning? Let us know your thoughts in the comments!
thats what we have in Botswana, a joker!. how can a president celebrate selling of a mine
Botswana we proud of you. Go for it
We are proud of owr leaders.
Keep Boswana on top.❤❤❤❤❤❤❤😅😅😅😅😅
Tati Nickel is based in Francistown, and has been sold. Selibe Phikwe site is a different mine.
Botswana has just shot itself in the foot. A landlocked country that relies heavily on mining for its economic survival and then chooses to sell a national asset like a mine effectively forfeits both control and potential future benefits.
I think they know what they are doing, the mine is old and they need heavy investments to mine further underground, the government however owns the majority shares if the big diamond mines, where the profit margins are much higher.
Revival for survival!!
That's the beautiful side of promises, their destination happens to be ugly when unfulfilled as always
Did I hear well, did he say the mine is sold? 😂😂
That mall in Selebi Phikwe speaks volumes, Woolies and PnP 😂 But let us be honest, Diamond sales are dwindling, and Cobalt won't get us far free from the mineral curse that hangs over the country. I want to hear DIVERSIFICATION from the mineral lead economy. Botswana's GDP shrank 1.8% quarter-on-quarter in the first quarter of 2024, following a 0.9% contraction in the previous period.
$20 Millions dollar this a Joke! Stop selling your country resources for peanuts!!!! Botswana should be ashamed not have a celebration.