• 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
Thursday, October 9, 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

Current Account posts P4.7 billion surplus

patriot by patriot
September 23, 2021
in Business
0
Pelaelo

Pelaelo

Surplus recorded in the  first quarter of 2021

Financial account posted P2.4 billion surplus

RelatedPosts

Banks report P5.98 billion loan defaults

BDC Group revenue surges to P802m

Choppies gross profit hits P1.8 billion

Total exports collects P24.1 million,86.6% up

BAKANG TIRO

editors@thepatriot.co.bw

As government continues to grapple with pressure on its financial revenue streams, there was a sigh of relief in the first quarter of 2021 as a current account s recorded a surplus of P4.7 billion.

The Bank of Botswana (BoB) has disclosed the positive achievement on the Balance of Payments (BoP) status in its Monetary Policy Report for August 2021, noting that a surplus growth is very essential.

According to BoB, the current account’s estimated surplus of P4.7 billion in the first quarter of 2021, is compared to a revised deficit of P2.4 billion during the corresponding period in 2020.

“The surplus is attributable towards the positive balance of the P2.1 billion in the merchandise trade account and P5.7 billion in the secondary income account, the latter being dominated by the Southern African Customs Union (SACU) revenue receipts. Total exports increased by 82.6 percent from P13.2billion to P24.1 billion, while imports increased by31.7 percent from P16.7 billion to P22 billion, leading to a surplus of P2.1 billion in the merchandise trade account,” said the central bank.

BoB also said diamond exports, which have accounted for 93.7 percent of a total exports of goods in the first quarter of 2021, increased from P11.4 billion in the first quarter of 2020 to P22.6 billion in the first quarter of 2021, whereas diamond imports increased from P3.5 billion to P9.1 billion.

The increase in diamond trade mainly resulted from recovery in demand for diamond jewellery in Botswana’s key diamond markets of the United States of America (USA) and China respectively.

According to the bank, the other commodities that contributed to the increase in exports include gold (25.1 percent), Plastic and plastic products (24.7 percent), and iron and steel products (19 percent).

“Commodities that contributed to the increase in imports are metal products, chemical and rubber products and textiles and footwear that increased by 38.1 percent, 25.8 percent and 13.5 percent respectively,” said the central bank, reflecting in the status of balance of payments.

In addition, BoB said the financial account recorded a surplus in the first quarter of 2021. The financial account has registered an estimated surplus of P2.4 billion during the first quarter of2021, compared to the huge revised deficit of P3.4 billion in the first quarter of the year 2020.

“The surplus was mainly attributable to an increase in the offshore investments, particularly by pension fund managers. The overall BoP was in deficit by P904.3 million during the first quarter of 2021, compared to a big deficit of P4.9 billion during the corresponding period in 2020. The deficit mainly resulted from financing government obligations, such as a payments for imports, external loan servicing and funding of embassies,’’ said the Moses Pelaelo’s led bank.

The deficit, central bank said, mainly resulted from financing government obligations, such as payments for imports, external loan servicing and funding of Botswana embassies globally too.

Pelaelo recently said the bank anticipates a strong rebound on economy given that the short-term adverse developments in domestic economy occur against growth- enhancing environment.

Pelaelo, while briefing the media on the outcomes of the Monetary Policy Committee (MPC) meeting of last month, said the economy is showing some positive signs of recovery in 2021.

He noted the accommodative monetary conditions, improvements in water and the electricity supply, reforms to further improve the business environment and the government interventions against COVID-19, including positive news around the vaccination roll-out programme as the growth enhancing factors.

Previous Post

Chaotic vaccine rollout negates fight against Covid19

Next Post

Absa Botswana cuts costs; post strong results

Related Posts

Banks report P5.98 billion loan defaults
Business

Banks report P5.98 billion loan defaults

October 6, 2025
BDC Group revenue surges to P802m
Business

BDC Group revenue surges to P802m

October 6, 2025
Choppies gross profit hits P1.8 billion
Business

Choppies gross profit hits P1.8 billion

October 2, 2025
Tataki mine opens
Business

Tataki mine opens

September 22, 2025
Banks in P90.79 billion household debt
Business

Banks in P90.79 billion household debt

September 13, 2025
𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in
Business

𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in

September 13, 2025
Next Post
Absa Botswana cuts costs; post strong results

Absa Botswana cuts costs; post strong results

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?