Local companies anticipate rise in cost pressures

A survey by the Bank of Botswana (BoB) has indicated that companies expect cost pressures to rise incredibly during the first quarter of 2021.

The quarterly survey called the Business Expectation Survey (BES) suggests that firms expect cost pressures to rise due to the anticipated increase in some input costs, including materials, rent, wages, and transport costs.

This is believed to be in line with the recent increase in inflation, following the upward adjustment in fuel prices and postal services tariffs affected in October last year.

Local firms’ expectation of inflation is said to...