Botswana is the world's largest producer of diamonds, and the industry makes up to 33% of the country's GDP. But thanks to the global economic downturn, the World Bank recommended that Botswana cut its public sector cost by 25%. According to a report compiled by the World Bank, the future for Botswana lies in lesser mineral revenues and a smaller public sector. Although Botswana has routinely run budget surpluses, the opposite has been true in the last two years, and the World Bank sees this trend continuing into the future. Read more: Reuters Africa.
While we have your attention...
An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.
Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.
Click here to become a Maverick Insider and get a closer look at the Truth.
Adolf Hitler was the first European leader to ban human zoos.