IPRO BOTSWANA

[IPRO BOTSWANA @IPROBotswana]

iPro Botswana - Investment Management Solutions, delivering superior portfolio performance and a unique mix of investment products.

[IPRO BOTSWANA @IPROBotswana]

DECEMBER INFLATION REMAINS UNCHANGED AT 2.2 PERCENT

[IPRO BOTSWANA @IPROBotswana]

iPro Botswana Money Market Fund Performance as at December 2020

[IPRO BOTSWANA @IPROBotswana]

CHOPPIES BACK ON AFRICA’S BIGGEST STOCK EXCHANGE: Botswana's largest retailer, Choppies Enterprises, will resume trading on the Johannesburg Stock Exchange (JSE) after a two-year suspension for failing to publish audited financial statements within a specified period of time

[IPRO BOTSWANA @IPROBotswana]

INFLATION INCREASES TO 2.2%
The annual inflation rate in Botswana rose to 2.2 percent in October 2020 from 1.8 percent in September, increasing by 0.4 percent to reach its highest level in six months after reaching a record low of 0.9 percent in June and July

[IPRO BOTSWANA @IPROBotswana]

iPro Botswana Money Market Fund Gross Performance Figures as at October 2020

[IPRO BOTSWANA @IPROBotswana]

Exchange rates 07/10/2020 - The Pula appreciated against the ZAR, EUR and GBP while it depreciated against the USD, CNH and JPY with the BWP/USD being the biggest loser at -0.34%.

[IPRO BOTSWANA @IPROBotswana]

Real gross domestic product (GDP), which ensures the total output of goods and services in the country at a specific period, plunged from P12.5 billion in the first quarter to P18.8 billion, reflecting a 24.8% percent fall in economic activity between June and August.

[IPRO BOTSWANA @IPROBotswana]

BOTSWANA ECONOMY IN WORST ECONOMIC CONTRACTION SINCE INDEPENDENCE
The Botswana economy recorded its biggest contraction, offically entering recession, with the economy expected to contract further this year in what could be the country’s worst economic year.

[IPRO BOTSWANA @IPROBotswana]

INFLATION INCREASES TO 1% IN AUGUST 2020

Headline inflation rose marginally from 0.9 percent in July to 1 percent in August 2020, remaining below the lower bound of the Bank’s medium-term objective range of 3 – 6 percent, significantly lower than the 2.9 percent in August 2019

[IPRO BOTSWANA @IPROBotswana]

The country’s merchandise exports have been depressed for most of the year due to the coronavirus-induced
lockdowns and movement restrictions, while imports have moved marginally higher than their usual postion as the economy has restarted.

[IPRO BOTSWANA @IPROBotswana]

MAY TRADE DEFICIT REVISED BY P2.4 BILLION
Statistics Botswana this week revised the May trade deficit to P1.8 billion from P4.2 billion citing the late confirmation of diamond exports in that month.

[IPRO BOTSWANA @IPROBotswana]

The revision means that from being the worst monthly trade shortfall for the year, May now becomes the third worst performer after February (P2.7 billion) and March (P1.9 billion).

[IPRO BOTSWANA @IPROBotswana]

However our team will continue to service our clients, as they will be working from home.

Clients can still call the office landline [phone] or email [email protected]/[email protected] for assistance. #staysafe #stayhome #savelives

[IPRO BOTSWANA @IPROBotswana]

IPRO BOTSWANA – OFFICE CLOSURE

The President of the Republic of Botswana DR Mokgweetsi Masisi has declared state of emergency and strict social distancing from midnight 02nd April 2020. Following this development our Office will be closed until further notice,

[IPRO BOTSWANA @IPROBotswana]

The 16 percent trimmed mean inflation and inflation excluding administered prices remained
unchanged at 1.9 percent and 2.7 percent, respectively, in the same period

[IPRO BOTSWANA @IPROBotswana]

INFLATION REMAINS CONSTANT
In February 2020, headline inflation was 2.2 percent, the same as in January 2019, remaining below the lower bound of the Bank of Botswana’s medium-term objective range of 3 – 6 percent, and lower than the 3.3 percent in February 2019.

[IPRO BOTSWANA @IPROBotswana]

Alcoholic Beverages and Tobacco (from 4.8 to 5 percent); Restaurants and Hotels (from 3.6 to 3.8
percent); Clothing and Footwear (from 1.5 to 1.6 percent); and Recreation and Culture (from -0.3 to -0.2 percent).