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CIPA implements OBRS

Botswana Stock Exchange amended listing thresholds

The government has recently introduced a Bill to amend the Income Tax Act (Cap 52:01) in a bid to further reduce harmful tax practices as required by Base Erosion and Profit Shifting (BEPS) framework. The effective date of the bill is not known at this stage.

Grant Thornton has put together its annual summary of the key highlights of the national budget delivered by the Minister of Finance and Development Planning, Honourable Kenneth Matambo. This year the focus of the budget is on “Enhancing welfare through economic transformation”. View our 4 page summary to get a quick preview of the 2019/20 budget.

Botswana’s Banking, Financial Services and Insurance (BFSI) industry at inflection point

The economy finished 2017 on a strong note, with YoY GDP growth accelerating to 6.5% in Q4 from 1.1% in Q3 thanks to a sharp rebound in the Trade, hotels and restaurants sector, driven by inclusion of diamond aggregation process under this sector.