• Where are the ladies?October 7, 2025
    Botswana enjoys athletics success but… NANCY RAMOKHUA RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Questionably for several years now, ladies in athletics have their representation visibly missing at international… Read more: Where are the ladies?
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Government… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults STAFF WRITER editors@thepatriot.co.bw Arrears on loans to the household… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to Ukraine aimed at… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   The Ministry of Environment and Tourism has confirmed authorising the killing… Read more: Botswana defends slaughtering elephants
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Friday, October 10, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

BRICS: No threat to Botswana, SA ties

patriot by patriot
October 4, 2023
in News
0

BAKANG TIRO

editors@thepatriot.co.bw

RelatedPosts

FMD surges in SA

Botswana Council of Churches calls for peace

Botswana defends slaughtering elephants

Discussions between Brazil, Russia, India, China and South Africa (BRICS) during the 2023 summit held in Johannesburg South Africa, particularly proposals to introduce own currency will not threaten Botswana and South Africa economic ties, economists say.

The leaders of trading bloc which account for 32 percent of the global Gross Domestic Product (GDP) have discussed that BRICS should adopt its own currency to reduce dependence on the US Dollar.

Vice president Slumber Tsogwane led Botswana delegation that attended the three-day summit which have attracted different leaders from Africa as BRICS has opened up for new membership subscriptions.

With South Africa being the largest trading partner of Botswana, local economists said the introduction of BRICS currency will be of significant opportunity for Botswana to trade with.

In an interview, Head of Faculty of Commerce at BA ISAGO University Dr Oscar Chiwira said basically before considering to join BRICS, there is a need to be familiar with principles that established BRICS.

He said if the principles are in line with the national economic and social policies including the national vision, then if Botswana considers to become member of BRICS will augment these development drivers.

“There is also need to harmonization of both fiscal and monetary fundamentals so as to establish their congruency with the current regional and international integration partnership arrangements. For example, USA is not part of this group, African Growth and opportunity Act (AGOA), joining BRICS what impact it will have for Botswana regarding,” said Chiwira in an interview on Friday.

No threats

Another economist Dr Mosimane Rammika- Research Fellow at Fine Analytics developments unfolding in BRICS will not impact Botswana/ South Africa economic ties in any bad manner.

He said we have south Africa as our major trading partner from far with common understandable socio-economic interests with that in mind we do not projects hindrances that may disturb the relationship.

“In other front, we have South Africa in the BRICS not ripping benefits as expected more so it’s a small economy compared to other members. Since joining in 2010 it is still undergoing several protocol implementations which will results in benefits. The question is whether if we were to join as Botswana, are we still inviting more of our implementation challenges which we are currently facing in most platforms as well in our own economist microstructures,” he stressed.

Furthermore, Dr Rammika has indicated that the introduction of the bloc currency cannot be down overnight and not feasible in the short term or it may be in their long-term strategy as work in progress.

“The development of currency with own complications such as clearing and settlements centers in view of capital market management to advance the use of the currency to world standard in which Euro from the European Union (EU) block has gone through or still going now,” he added.

Rammika noted that he doesn’t Botswana having transaction problem with South Africa in using local currency as BRICS encourage use of local currency more so that Botswana Pula and South African Rand are liquid in both countries, adding that this easily boosts trade among two countries.

He also said at the moment China enjoys ninety percent of trade in BRICS and ten percent is a share of other countries and so one may ask the significance of Botswana if could join BRICS.

During this year’s summit some of the countries that have shown interest to join BRICS starting next year include Egypt, United Arab Emirates (UAE), Argentina and Iran just to mention a few.

Previous Post

Masisi, Geingob friendship frustrates BDF anti-poaching

Next Post

BoB in lower-inflation dilemma

Related Posts

FMD surges in SA
News

FMD surges in SA

October 6, 2025
Botswana Council of Churches calls for peace
News

Botswana Council of Churches calls for peace

October 6, 2025
Botswana defends slaughtering elephants
News

Botswana defends slaughtering elephants

October 6, 2025
Boko gave voices to some, but…
News

Boko gave voices to some, but…

October 6, 2025
Boko CRACKS
News

Boko CRACKS

October 6, 2025
UDC chaos open Up Kgalagadi South
News

UDC chaos open Up Kgalagadi South

October 2, 2025
Next Post
BoB in lower-inflation dilemma

BoB in lower-inflation dilemma

Please login to join discussion
  • Where are the ladies?October 7, 2025
    Botswana enjoys athletics success but… NANCY RAMOKHUA RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Questionably for several years now, ladies in athletics have their representation visibly missing at international… Read more: Where are the ladies?
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Government… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults STAFF WRITER editors@thepatriot.co.bw Arrears on loans to the household… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to Ukraine aimed at… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   The Ministry of Environment and Tourism has confirmed authorising the killing… Read more: Botswana defends slaughtering elephants
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?