Fuel shocker! P8.5 billion time bomb threatens Botswana’s economy
Sunday Standard Fuel shocker! P8.5 billion time bomb threatens Botswana’s economy Botswana is starring down a massive economic hit as soaring global fuel prices threaten to burn a P8.5 billion hole in the country’s finances. A fresh warning from Econsult Botswana reveals that if international fuel prices jump by 50% and stay there for a year, Botswana could be forced to cough up an extra P8.5 […] The post Fuel shocker! P8.5 billion time bomb threatens Botswana’s economy first appeared on Sunday Standard and is written by Sunday Standard Reporter
Black News 
Sunday Standard
Fuel shocker! P8.5 billion time bomb threatens Botswana’s economy
Botswana is starring down a massive economic hit as soaring global fuel prices threaten to burn a P8.5 billion hole in the country’s finances.
A fresh warning from Econsult Botswana reveals that if international fuel prices jump by 50% and stay there for a year, Botswana could be forced to cough up an extra P8.5 billion just to keep the lights on and vehicles on the road. That is a staggering 3% of the entire economy wiped out by fuel costs alone.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
The post Fuel shocker! P8.5 billion time bomb threatens Botswana’s economy first appeared on Sunday Standard and is written by Sunday Standard Reporter
