• STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEMJuly 29, 2026
      Standard Bank, the biggest bank in Africa by assets and the first bank in Africa authorised to process transactions through China’s Cross-Border Interbank Payment System (CIPS) has facilitated over CNY 8 billion (US$ 1.2 billion) in transactions. RelatedPosts… Read more: STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM
  • Electricity generation jumps 20%July 28, 2026
    2026 Q1 growth attributed to Morupule A and B high outputs Electricity imports decline by 29 percent BAKANG TIRO editors@thepatriot.co.bw RelatedPosts STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM Electricity generation jumps 20%… Read more: Electricity generation jumps 20%
  • ‘Support failing students’ -SRCJuly 28, 2026
    Maele criticized for sponsorship cuts Students plead with Maele to exercise compassion ‘Don’t abandon students about to graduate’ -SRCs PALEMA KGAKATSI editors@thepatriot.co.bw RelatedPosts ‘Support failing students’ -SRC The BCP GAMBLE Mmadinare Trusts duped P1.5 million Hunting scandal Support authors… Read more: ‘Support failing students’ -SRC
  • The BCP GAMBLEJuly 28, 2026
    Going South strategy flashes out veteran for newcomer Dr Dow camp pulverizes Lucas, latter salvages crumbs Pessimists fear split, Saleshando sees unity ahead of 2029 BAKANG TIRO editors@thepatriot.co.bw RelatedPosts ‘Support failing students’ -SRC The BCP GAMBLE Mmadinare Trusts duped… Read more: The BCP GAMBLE
  • Mmadinare Trusts duped P1.5 million Hunting scandalJuly 27, 2026
    Hunting operator pays four Trusts in Controlled Hunting Area (CHA) CT27 only P1.5 million for 71 animals Quota includes 30 elephants, four leopards, four kudus, four ostriches, four steenbok, 15 impala, three baboons and two warthogs. Normal international trophy… Read more: Mmadinare Trusts duped P1.5 million Hunting scandal
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Thursday, July 30, 2026
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

HATAB rejects income tax hike 

‘The strategy could cripple tourism industry recovery’-report 

patriot by patriot
March 13, 2025
in Business
0

The Hospitality and Tourism Association of Botswana (HATAB) has warned government against increasing income tax rates, decrying that the strategy could hinder the recovery of the tourism sector. The warning is contained in HATAB’s position paper titled “HATAB 2025/2026 Budget Expectations,” released ahead of the recent budget speech by Finance Minister Ndaba Gaolathe. According to HATAB, the tourism industry is still struggling to rebound from the impact of the Covid-19 pandemic and requires more time to fully recover. “A tax increase would hamper the recovery. We, therefore, expect government to maintain the current tax rate and not raise it,” reads part of the paper. 

HATAB emphasized the importance of maintaining a favourable tax environment to support growth and stability within the tourism sector, which is a key contributor to Botswana’s economy. In a statement following Gaolathe’s presentation of the 2025/26 budget, HATAB welcomed “the steps the Minister has laid out to improve governance, namely ramping up procurement efficiencies and eliminating gross wastage and duplication to ensure fiscal stability.” HATAB said the fact that submissions of supplementary budgets will be backed by undertakings of budget cuts in other areas should help maintain spending discipline. 

RelatedPosts

STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM

Electricity generation jumps 20%

BSE, DMCC sign landmark MoU

With regard to the ease of doing business, HATAB said it looks forward to reforms of cumbersome business regulations, which stifle innovation and growth. “The fact that a grocery store requires numerous licences which involve multiple agencies reveals the scale of unnecessary bureaucratic red tape,” reads part of the document, adding that “HATAB stands ready to work with the government to root out burdensome regulations to unleash the growth of the tourism sector and the economy as a whole to generate economic growth and jobs.” 

HATAB also supports government focus on an export-driven economy because it plays a significant part in powering growth. “Once again, the tourism sector is, in many respects, an export sector that brings in substantial foreign exchange earnings for the country,” said HATAB. 

Given that resources are limited, HATAB says it looks forward to the government’s undertaking, as per the Budget Speech, to enact the Public Private Partnership (PPP) framework to attract much-needed investment, skills and technology. It says like other enterprises in the private sector, the tourism industry depends on a responsive work and residence permit system to facilitate skill recruitment. “HATAB looks forward to the digitalisation of the work and resident regime to boost efficiencies and international competitiveness. In addition, the visa system should also be enhanced to reduce turnaround times and facilitate international visitors,” says HATAB. 

On air access promotion, HATAB says the tourism sector relies on a well-developed aviation route network which connects the country to the rest of the world. It is on this basis that HATAB pledges its support to the Civil Aviation Authority of Botswana (CAAB)-led project to attract long haul carriers to Botswana, which the minister acknowledged in his address. 

Previous Post

Shake up in the judiciary

Next Post

BPC rolls out mini grids

Related Posts

STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM
Business

STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM

July 29, 2026
Electricity generation jumps 20%
Business

Electricity generation jumps 20%

July 28, 2026
BSE, DMCC sign landmark MoU
Business

BSE, DMCC sign landmark MoU

July 24, 2026
The Future of Funeral Services Depends on More Than Technology
Business

The Future of Funeral Services Depends on More Than Technology

July 21, 2026
‘Botswana’s economy at crossroads’
Business

‘Botswana’s economy at crossroads’

July 17, 2026
Botswana Oil secures supply
Business

Botswana Oil secures supply

July 14, 2026
Next Post
BPC rolls out mini grids

BPC rolls out mini grids

  • STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEMJuly 29, 2026
      Standard Bank, the biggest bank in Africa by assets and the first bank in Africa authorised to process transactions through China’s Cross-Border Interbank Payment System (CIPS) has facilitated over CNY 8 billion (US$ 1.2 billion) in transactions. RelatedPosts… Read more: STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM
  • Electricity generation jumps 20%July 28, 2026
    2026 Q1 growth attributed to Morupule A and B high outputs Electricity imports decline by 29 percent BAKANG TIRO editors@thepatriot.co.bw RelatedPosts STANDARD BANK PROCESSES OVER CNY 8 BILLION IN PAYMENTS THROUGH CHINA’S CROSS-BORDER INTERBANK SYSTEM Electricity generation jumps 20%… Read more: Electricity generation jumps 20%
  • ‘Support failing students’ -SRCJuly 28, 2026
    Maele criticized for sponsorship cuts Students plead with Maele to exercise compassion ‘Don’t abandon students about to graduate’ -SRCs PALEMA KGAKATSI editors@thepatriot.co.bw RelatedPosts ‘Support failing students’ -SRC The BCP GAMBLE Mmadinare Trusts duped P1.5 million Hunting scandal Support authors… Read more: ‘Support failing students’ -SRC
  • The BCP GAMBLEJuly 28, 2026
    Going South strategy flashes out veteran for newcomer Dr Dow camp pulverizes Lucas, latter salvages crumbs Pessimists fear split, Saleshando sees unity ahead of 2029 BAKANG TIRO editors@thepatriot.co.bw RelatedPosts ‘Support failing students’ -SRC The BCP GAMBLE Mmadinare Trusts duped… Read more: The BCP GAMBLE
  • Mmadinare Trusts duped P1.5 million Hunting scandalJuly 27, 2026
    Hunting operator pays four Trusts in Controlled Hunting Area (CHA) CT27 only P1.5 million for 71 animals Quota includes 30 elephants, four leopards, four kudus, four ostriches, four steenbok, 15 impala, three baboons and two warthogs. Normal international trophy… Read more: Mmadinare Trusts duped P1.5 million Hunting scandal
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.
Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?