How the adjustment of the Pula's currency basket weights and the expansion of the trading margin will impact Botswana’s economic stability, particularly in relation to its trade with South Africa and other international partners. Do you agree with what Chilo Ketlhwaafetse said? 🤔 Buy us a coffee by tapping the link: ko-fi.com/cantony72521
le bua ZERO hela There are two implications of a devaluation. First, devaluation makes the country's exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports. you will only make 90% of Batswana lives difficult and make foreigners lives easy. atleast if we had a lot of manufactuing/factories for exports and self sustainance but owai we depend on those imports(gov has set us to fail and still is making things worse)
If the country's exports are less expensive that attracts more foreign customers therefore a rise in export volume, and foreign products being more expensive encourages more spending within the country rather than outside...Additionally this is an opportunity for Batswana to expand into manufacturing products usually found abroad... As Batswana we are so quick to point out negatives rather than looking at the opportunities these type of policies present.
@@harryjoseph7831 they prevented the economy from crushing. Zimbabwe failed to devaluate it's currency leading to a nose dive if the economy. If you know economics very well go check what led to Dr Simba Makoni to resign under the Mugabe regime. They have actually made it easier for you. You are seeing it in laymen's eyes considering short term gains also know that the percentage was quite small it will not affect much on house hold level. Note the statement on the policy implementation said currency will not be the only component that will lead to success of the economy but a number of factors
@@harryjoseph7831 mme tota ke wena o buang zero if you think what gorv did is a bad thing. First priority now is to save the crushing economy of Botswana then deal with other issues later. Matshelo a batswana gaye gope, but if economy crushes raising it will take forever. The next five years will be difficult as a result of what the previous government did. This is what Bdp should hv long done to strengthen our economy immediately after covid19.
@@harryjoseph7831 mme tota ke wena o buang zero if you think what gorv did is a bad thing. First priority now is to save the crushing economy of Botswana then deal with other issues later. Matshelo a batswana gaye gope, but if economy crushes raising it will take forever. The next five years will be difficult as a result of what the previous government did. This is what Bdp should hv long done to strengthen our economy immediately after covid19.
Its very concerning that the wrong message is being echoed to the public and international sphere. The PULA has not been devalued. I think the pubic should understand that a currency is either trading pegged/ free floating to its major trading partners. The adjustment of the crawling peg on a 50/50 basis is to equally manage the magnitude at which the currency value relates to its trading partner. The reason why SA accounts for 50% of the peg is because its our major trading partner and our big brother in SACU. Secondly, Botswana has always been an open economy, and the concept of purchasing power parity is wrongly used in this discussion. This adjustment of the peg is nothing new. As a small open economy, the value of the BWP takes cue from the international financial market activity, be it political, economics related etc. SA is an emerging market with higher market liquidity activity coupled with a robust stock market, as such the demand of the ZAR by the international market boosts the strength of the ZAR against its trading partners and the opposite of this sentiment is true. Lastly an Economist is an individual who graduated or has been conferred an Economics degree by an authorized institution of higher learning. Lets not loosely call anyone an Economist if they don't have that academic qualification. Rather call them analysts.
I take it the government what's more Pula's in the bank, for selling the exact amount of diamonds. Instead of trying to produce more to sell more, bone they devalue the currency, Ba tsile go bolaya the consumer when we try to buy goods out side of botswana.
Not true what u saying my guy. Botswana is not the only country that does this. Most powerful economies strengthen by doing this. Mostly countries that rely mostly on export and imports. Whst udc did is what was making it hard for bdp to come to agreement with debswana. Coz with strong pula we lose markets of diamonds which currently sustains our economy. And bdp wanted to take advantage and force debswana to terms that will benefit them. And batswana were not gonna benefit. With lowred value of Bwp we open more opportunities for trade with other countries in other commodities besides diamonds.
You are not mentioning any about salt eyang South Africa, Why can't we make a step on diversifying on making glass factory, Copper into electrical cables, etc
i long gave up we a re a province ... the previous adminitstration had a plan to empower Batswana lega le bone banale distory tsa bone mme hela we retlo bereka go godisa economy ya South Africa
i think this was just a bad move i dont know maybe i dont understand their reasons, id understand if we were exporting more than we import like bo china. ae kake yare re nale trade balance deficit abo ntse o depreciater currency. As much as this is supposed to encourage domestic production it would make sense if our local produce were of quality. You cant reduce foreign debt by this move whilst your debt isnt in your currency.
My same sentiments. I was discussing this with someone that our IMPORT BILL is so high and it's been for quite some time so this devaluation makes it more EXPENSIVE for us to buy goods from outside, which in turn forces importers to increase their selling prices, ultimately affecting inflation negatively.
This does make sense, we are consuming country hardly exporting anything. It's our advantage having a powerful currency, so that we don't spend more to purchase... Look at the pound and $US currency, their strength is their advantage. Anyways I'm not an economist
@@AshapiroNyamambi you are right, we Batswana have to learn different Economics, i dont know what to say about our education. I do understand groceries are soo expensive. I cant even afford decent groceries when visiting home, but where i live prices are half price of Botswana, my question is what is going on, I hope we will find solution.
you cant explain economics in setswana. gape english is a national language. you are not a responsible citizen if you dont understand the national language
There is no technical language that cannot be matched to what the locals can understand 😢.......Ago tlhalosiwe ka setswana batlhophi botlhe ba ikutlwele ....Batswana like elevating other languages over theirs .....if the ecominomists are unable to match their tech language to Setswana ,it is not because Setswana lacks words but it shows weakness in communication for Botswana ecomists ......Economics uses English so is that difficult to translate ???
Setswana is equally a national language, I mean the last time I checked ....people like to be complicated while leaving others in the dark. This should not be tolerated at all 😮😮. This will impact our economy and it should be communicated to the common person ....medicine or engineeing were not founded in Setswana yet they can be translated in Setswana ...what is so special and difficult in sitting down with linguists to match economic tech terms to setswana.
This guys made that decision looking at the export of diamonds only. Caz what i hear is Diamonds diamonds. But they said they want to diversity the economy. 😢
Currently diamonds are the main commodity that sustain our economy. So them giving priority to solve the issues with debswana i find it best. Thats whete BDP was going to totaly destroy Botswana's economy. So let this guys attend to important issues first then they will do the rest later.
Hae nna ga ke bone why re bolaya pula and grow South African economic, there are people who are misleading our current government . We don't produce anything so having a buying power is what we need
Ha le sa tlhofalela gore le hire batho baba itseng ditiro ko tourism, BMC le thekiso ya diteemeane ga go kake ga thusa sepe. This sectors were very successful when the pula was very strong at the exchange rate ya bo 1.55 😢
@@MofineMaroba The time have been up long time. We have to produce our own so they buy with high proce from us. Actually is painful but if we make our own is good news(anyway i am not Economist, they need to speak such topics in English if the interest is to address the Nation and want to carry them along) Re tshwanetse go tlhologanya the Economic better to be all responsible.
The pula has been devalued every year since 2019. It’s done to maintain price stability taking into consideration the forecasted inflation differential between Botswana and our main trading partners. It’ll be done everyday throughout the year to achieve the 1.51% target
He rehearsed all the questions before the interview that's why he is speaking so fast making it difficult for a lame man to understand.The answers are in the tablet in front of him.i think a press conference can do to make it more comprehensive.
I dont like people who speak English like they are chewing hot staff..who hears them...only few English so called classified populace...Aaag...im starting to think otherwise...
Nyaa tlhalosetsa Batswana ba tlhaloganye ka Setswana lo tlogele go ikgatlha ka economics language bontsi ba tlogetswe mo lefifing ....that's a sign of not being educated where the language is used to shroud knowledge from the less educated......this is so wrong because every profession has technical language and its specific expertise .
What ever these English speaking economists cant translate in Setswana...if u go to other countries, everything is explained in their native languages ...we should abolish being captured...
Rona bo slow learner re mo mathateng ke sekgoa se se bokete, nna tota ga kea utlwa sepe gape this guy o dikologa dikarabo tse re di batang, ha santse o solofetse gore o taa araba o utlwa ebile setse a bua ka bo Argentina Santse re bata karabo mr mene
Nonsense ...BW is not a net exporter, but rather a net importer. There is not pressing matter to devalue the pula...the new regime must focus on far more pressing matters than weakening the currency .. devaluation is completely unnecessary...How can you have positive buying with a weaker currency ...and the less money for that matter....the net resultant effects of devaluation will adversely affect Batswana ....The pula is not even that strong to begin with....As a net importer having a strong currency compared to the rand was beneficial to Batswana....but go ahead and turn BW Pula into Nigerian Naira...Thats how it all started ..constant devaluation ...
How the adjustment of the Pula's currency basket weights and the expansion of the trading margin will impact Botswana’s economic stability, particularly in relation to its trade with South Africa and other international partners. Do you agree with what Chilo Ketlhwaafetse said? 🤔
Buy us a coffee by tapping the link: ko-fi.com/cantony72521
No
No
le bua ZERO hela
There are two implications of a devaluation. First, devaluation makes the country's exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports.
you will only make 90% of Batswana lives difficult and make foreigners lives easy.
atleast if we had a lot of manufactuing/factories for exports and self sustainance but owai we depend on those imports(gov has set us to fail and still is making things worse)
If the country's exports are less expensive that attracts more foreign customers therefore a rise in export volume, and foreign products being more expensive encourages more spending within the country rather than outside...Additionally this is an opportunity for Batswana to expand into manufacturing products usually found abroad...
As Batswana we are so quick to point out negatives rather than looking at the opportunities these type of policies present.
@@harryjoseph7831 they prevented the economy from crushing. Zimbabwe failed to devaluate it's currency leading to a nose dive if the economy. If you know economics very well go check what led to Dr Simba Makoni to resign under the Mugabe regime. They have actually made it easier for you. You are seeing it in laymen's eyes considering short term gains also know that the percentage was quite small it will not affect much on house hold level. Note the statement on the policy implementation said currency will not be the only component that will lead to success of the economy but a number of factors
@@MK-mq6vy issue is people don't read they always blame the government.
@@harryjoseph7831 mme tota ke wena o buang zero if you think what gorv did is a bad thing. First priority now is to save the crushing economy of Botswana then deal with other issues later. Matshelo a batswana gaye gope, but if economy crushes raising it will take forever. The next five years will be difficult as a result of what the previous government did. This is what Bdp should hv long done to strengthen our economy immediately after covid19.
@@harryjoseph7831 mme tota ke wena o buang zero if you think what gorv did is a bad thing. First priority now is to save the crushing economy of Botswana then deal with other issues later. Matshelo a batswana gaye gope, but if economy crushes raising it will take forever. The next five years will be difficult as a result of what the previous government did. This is what Bdp should hv long done to strengthen our economy immediately after covid19.
I think it will be beneficial to include the downside of such an approach, for transparency.
Manz was sugar-coating too much... ain it ?
Its very concerning that the wrong message is being echoed to the public and international sphere. The PULA has not been devalued. I think the pubic should understand that a currency is either trading pegged/ free floating to its major trading partners. The adjustment of the crawling peg on a 50/50 basis is to equally manage the magnitude at which the currency value relates to its trading partner. The reason why SA accounts for 50% of the peg is because its our major trading partner and our big brother in SACU. Secondly, Botswana has always been an open economy, and the concept of purchasing power parity is wrongly used in this discussion. This adjustment of the peg is nothing new. As a small open economy, the value of the BWP takes cue from the international financial market activity, be it political, economics related etc. SA is an emerging market with higher market liquidity activity coupled with a robust stock market, as such the demand of the ZAR by the international market boosts the strength of the ZAR against its trading partners and the opposite of this sentiment is true. Lastly an Economist is an individual who graduated or has been conferred an Economics degree by an authorized institution of higher learning. Lets not loosely call anyone an Economist if they don't have that academic qualification. Rather call them analysts.
UDC is making a good thing Boosting the Rand and making sure the SA economy thrives at the expense of Batswana
Viva UDC
I take it the government what's more Pula's in the bank, for selling the exact amount of diamonds.
Instead of trying to produce more to sell more, bone they devalue the currency,
Ba tsile go bolaya the consumer when we try to buy goods out side of botswana.
Not true what u saying my guy. Botswana is not the only country that does this. Most powerful economies strengthen by doing this. Mostly countries that rely mostly on export and imports. Whst udc did is what was making it hard for bdp to come to agreement with debswana. Coz with strong pula we lose markets of diamonds which currently sustains our economy. And bdp wanted to take advantage and force debswana to terms that will benefit them. And batswana were not gonna benefit. With lowred value of Bwp we open more opportunities for trade with other countries in other commodities besides diamonds.
Tautona yoo kgathalang ka matshelo a ma south Africa above a Batswana baba mothophileng khaya. Waitse 5 years ootonna bosula mogomaswe
@@charlesmaemo2502 Kana mme rene re na le President dingwaga tsedi fitileng, a o nthaya ore a ga a bona mathata aa?
Diamonds are valued in USD. Devaluing the pula has no effect whatsoever in the selling of diamonds@@thatommopelwa7329
It was a very brilliant presentation from these young souls. Big Up guys
so ba reng hela ka go simolla di manufacturing project ba he di engineer tsa rona tiro ?
Diamonds..Diamonds. The economy needs to be diversified,Diamond prices have collapsed by 80% with the intro of synthetic diamonds...
A ganke le bua Setswana kante
You are not mentioning any about salt eyang South Africa, Why can't we make a step on diversifying on making glass factory, Copper into electrical cables, etc
i long gave up we a re a province ... the previous adminitstration had a plan to empower Batswana lega le bone banale distory tsa bone mme hela we retlo bereka go godisa economy ya South Africa
Russia is not at war but protecting its sovereignty .
i think this was just a bad move i dont know maybe i dont understand their reasons, id understand if we were exporting more than we import like bo china. ae kake yare re nale trade balance deficit abo ntse o depreciater currency. As much as this is supposed to encourage domestic production it would make sense if our local produce were of quality. You cant reduce foreign debt by this move whilst your debt isnt in your currency.
My same sentiments. I was discussing this with someone that our IMPORT BILL is so high and it's been for quite some time so this devaluation makes it more EXPENSIVE for us to buy goods from outside, which in turn forces importers to increase their selling prices, ultimately affecting inflation negatively.
I dont know what's with the hurry, speaking on ×2 speed really...
This does make sense, we are consuming country hardly exporting anything. It's our advantage having a powerful currency, so that we don't spend more to purchase...
Look at the pound and $US currency, their strength is their advantage. Anyways I'm not an economist
@@AshapiroNyamambi you are right, we Batswana have to learn different Economics, i dont know what to say about our education. I do understand groceries are soo expensive. I cant even afford decent groceries when visiting home, but where i live prices are half price of Botswana, my question is what is going on, I hope we will find solution.
BTV presenters: please speak to the whole population, Setswana. Speak slowly. This is not a presentation to Economists.
Kgang e ya sekgowa eish it worry some 😢
Issue is Setswana has no economics words that can unpack and bring transparency. Though speed needed to be low 😅
you cant explain economics in setswana. gape english is a national language. you are not a responsible citizen if you dont understand the national language
There is no technical language that cannot be matched to what the locals can understand 😢.......Ago tlhalosiwe ka setswana batlhophi botlhe ba ikutlwele ....Batswana like elevating other languages over theirs .....if the ecominomists are unable to match their tech language to Setswana ,it is not because Setswana lacks words but it shows weakness in communication for Botswana ecomists ......Economics uses English so is that difficult to translate ???
Setswana is equally a national language, I mean the last time I checked ....people like to be complicated while leaving others in the dark. This should not be tolerated at all 😮😮. This will impact our economy and it should be communicated to the common person ....medicine or engineeing were not founded in Setswana yet they can be translated in Setswana ...what is so special and difficult in sitting down with linguists to match economic tech terms to setswana.
So now kana 1rand is equal to P0.74. Sente sente laareng nebanna? Kana prices are going up yaanong😢
This guys made that decision looking at the export of diamonds only. Caz what i hear is Diamonds diamonds. But they said they want to diversity the economy. 😢
Currently diamonds are the main commodity that sustain our economy. So them giving priority to solve the issues with debswana i find it best. Thats whete BDP was going to totaly destroy Botswana's economy. So let this guys attend to important issues first then they will do the rest later.
Mathata people only look at 1 point and make a summary without unpacking the the whole policy adjustment..
Lona ba le ratang gore go buiwe ka setswana ga le tsene dikolo dife tse nneng go sa rutiwe sekgowa??? Ga le itse google?? Ithute wena ka bo wena.
Why is he rolling eyes on national television 🤔🤔
This is good investors its less expensive for them to invest ...
Pina ya investors sale ree utlwa leng tota, le gompieno investors tsa teng can't be seen anywhere
How is depreciation of a currency a good thing, which economics are we explaining 😅
Hae nna ga ke bone why re bolaya pula and grow South African economic, there are people who are misleading our current government . We don't produce anything so having a buying power is what we need
This people 😢 ako le tlhalosetseng Batswana ka setswana
Well articulated and it make sense
Ha le sa tlhofalela gore le hire batho baba itseng ditiro ko tourism, BMC le thekiso ya diteemeane ga go kake ga thusa sepe. This sectors were very successful when the pula was very strong at the exchange rate ya bo 1.55 😢
This people ba re bolaile rona ba di small business ba re rekang ko South Africa,i think now is a high time gore le rona re bona gore re dira jang
@@MofineMaroba The time have been up long time. We have to produce our own so they buy with high proce from us. Actually is painful but if we make our own is good news(anyway i am not Economist, they need to speak such topics in English if the interest is to address the Nation and want to carry them along) Re tshwanetse go tlhologanya the Economic better to be all responsible.
It's not the 1st time the pula has been devalued... we shoulld be told benefit the economy we derived from the 1st valution
The pula has been devalued every year since 2019. It’s done to maintain price stability taking into consideration the forecasted inflation differential between Botswana and our main trading partners. It’ll be done everyday throughout the year to achieve the 1.51% target
Since the public devaluing of the pula by mogae the economy has done badly every year increasing so.... what benefit jave we derived since
It's a gimmick to create false financial stability.... the cons out weigh the pros
If daying a lot while saying nothing was a person 😮
I don't understand this but prices are going to increase.
Lay man 's term 🤔
Are you aware of certain implications ?
This are ama 2k ba Bua hella yaaana ...kebe Le neetse bo Henry Le mongwe o o near retirement go thalosa
Hey, can they interview him after 2years about the same topic again?
Come on, dude pula has depreciated i need more pulas to buy from other counties, how is that a good thing? Should i give you an example? Come on man.
Tota ga tweng????
Lenna gake utlwe hela sentle gore gatweng😮😅
He rehearsed all the questions before the interview that's why he is speaking so fast making it difficult for a lame man to understand.The answers are in the tablet in front of him.i think a press conference can do to make it more comprehensive.
Ndaba is overrated the guy is just book smart...
Duma e nkga nkga tsela because this rubbish yall are getting up to better not cut into my purchasing power
Ga lo kgone go buwa setswana😑
@@yameofficialBW A ko o ba botse
How do small businesses benefit from this which buy from south Africa
Ga gona mosola. No advantage. Gatwe re reke hela from Botswana because go tshwana hela o reka mo Botswana 👎
they simply DONT, even big business ,even a student going to study in S.A tota most things
This is an opportunity to scale up and buy in larger quantities from China or others
Re di small businesses ako le re boleleleng gore reya go mega jang ke tshwetso e ya nyena
I dont like people who speak English like they are chewing hot staff..who hears them...only few English so called classified populace...Aaag...im starting to think otherwise...
I'm having trouble understanding this guy speaking .He speaks so quickly with that accent of his 😢😢
😂
Nyaa tlhalosetsa Batswana ba tlhaloganye ka Setswana lo tlogele go ikgatlha ka economics language bontsi ba tlogetswe mo lefifing ....that's a sign of not being educated where the language is used to shroud knowledge from the less educated......this is so wrong because every profession has technical language and its specific expertise .
What ever these English speaking economists cant translate in Setswana...if u go to other countries, everything is explained in their native languages ...we should abolish being captured...
thakanya le setswana bogolo😂😂sale ke utlwile basket le pula😭😭
Mongwe a re bolelele ka setswana betsho nna ke utlwa sejatlhapi hela ga ke tlhaloganye sepe gotlhelele
Why speak in lay man's term (simple language) so that everyone understands
They are trying to cheat Batswana
Eish re mo mathateng
foreigner benefit.... Batswana suffers....
You're just speaking English and not explaining anything. Try to explain such that Batswana will understand.
Ekare le tlhomile...kana le bo Busta rhymes? Bua le iketlile
This is an international platform
Rona bo slow learner re mo mathateng ke sekgoa se se bokete, nna tota ga kea utlwa sepe gape this guy o dikologa dikarabo tse re di batang, ha santse o solofetse gore o taa araba o utlwa ebile setse a bua ka bo Argentina
Santse re bata karabo mr mene
Language of economics, pula being accommodative will give us positive buying power. Let's get used to such developments.
Nonsense ...BW is not a net exporter, but rather a net importer. There is not pressing matter to devalue the pula...the new regime must focus on far more pressing matters than weakening the currency .. devaluation is completely unnecessary...How can you have positive buying with a weaker currency ...and the less money for that matter....the net resultant effects of devaluation will adversely affect Batswana ....The pula is not even that strong to begin with....As a net importer having a strong currency compared to the rand was beneficial to Batswana....but go ahead and turn BW Pula into Nigerian Naira...Thats how it all started ..constant devaluation ...
My words exactly, its like people think they are the only ones who went to school or are well read
Re ba tlhophile, ntekwane re itlhasela ka loso re sena tante!
Nna cant hear anything... buang setswana
Absolute hogwash,
English is not our mother