-
BQA approved training consultant
At Grant Thornton, we offer a comprehensive suite of training programs designed to empower individuals and organisations to thrive in today's dynamic business landscape. Our expert-led training courses focus on enhancing key skills for career development, employee engagement, and organisational performance.
-
IT audit and advisory services
We help clients to navigate the complexities and provide you with robust independent assurance that your IT risks, key management priorities and core systems are being appropriately managed.
-
Co-sourced internal audit
We help clients to navigate the complexities and provide you with robust independent assurance that your IT risks, key management priorities and core systems are being appropriately managed.
-
Automotive
Advances in technology are increasing the risk of disruption in the market and existing players, both upstream and downstream, are taking note. They’re innovating. They are making more use of lightweight materials and alternative fuels and taking the first steps towards intelligent and connected vehicles.
-
Asset management
Increasing regulation and investor demands for returns and transparency have brought new challenges to the asset management sector. Within this new world, organisations with the operational agility and strong infrastructure to embrace change and innovation can maximise opportunities.
-
Insurance
In a market where businesses operate with a 30-year outlook change is rarely spectacular or sudden. Yet there’s no doubt that important shifts are underway in insurance.
-
Banking & securities
Grant Thornton’s global banking and securities team consists of country, regional and service line leaders with experience of supporting clients in more than 80 countries.
-
Technology
The ability to anticipate and adapt is more important in the technology industry than ever before.
-
Media
The media industry is in the grip of a technological revolution and it’s affecting every part of the business. Distribution models, commissioning procedures and revenue streams are all evolving as the industry responds to the shift to digital and personalisation. This has resulted in a flood of new channels, platforms and experiences, all of which have to be constantly fed with compelling, quality content. If they are not, audiences move on.
-
Telecommunications
The telecommunications industry is changing rapidly and facing pressure from all sides.
Botswana businesses more optimistic about economic outlook of 2019 than global businesses
Following a period of heightened optimism and strong economic growth, the outlook for businesses in 2019 is markedly more reserved as the global economic cycle cools and political uncertainty begins to bite, according to the latest research from Grant Thornton’s International Business Report (IBR).
- Botswana businesses more optimistic than average African businesses and neighboring South African businesses
- Botswana business less optimistic for 2019, than previous quarter
The research, which gathers responses biannually from 5,000 business leaders in 35 economies including the G20, found that Global optimism is now sitting at 39%, a significant fall from 54% last quarter while Botswana’s optimism is now sitting at net 62%, a drop compared to last quarter’s 70%. The research shows that 46% of businesses in Botswana are very optimistic, 28% are slightly optimistic, 14 % are neither optimistic nor pessimistic, while only 8% are slightly pessimistic and 4% are very pessimistic for the outlook of the country’s economy over the next 12 months. According to the research, Botswana’s 62% optimism is significantly higher than the average African outlook (41%) as well as neighbouring country South Africa’s outlook (27%).However, it’s not all bad news and despite the spike in uncertainty, over 60% of research respondents were either optimistic or very optimistic about the future. This is reflected in export expectations with only 11% expecting a decrease and 84% of leaders expecting revenues to either stay the same or increase. Revenue increase expectation in Botswana remains the same as last quarter at 74% while in South Africa 69% are expecting an increase in revenue compared to last quarter’s 54%. Although, economic uncertainty is identified by business leaders as the biggest risk and constraint to the growth of their business, peaking globally and locally at 50% and 52% respectively.
Revenue expectations are in sharp decline at net 41%, down from net 59% and profitability expectations also took a hit, down globally at net 39%, a decrease of 9%. Kalyanaraman Vijay, Managing Partner, Grant Thornton Botswana: “While global financial markets are increasingly volatile, business leaders in the real economy remain optimistic because global GDP is forecast to continue growing and they know their business will grow with it. Despite increasing down side risk, economic fundamentals remain strong and opportunities exist.” He further highlights, “Traditionally, in times of economic uncertainty, additional expenditure and investment seems counter-intuitive and many businesses tend to shore up their operations and significantly reduce or cease investment. However, this is a time when investing in capabilities and infrastructure can pay dividends and, when the economy turns, prudent businesses can react with speed to take advantage.”
As the economic cycle cools, it’s clear that business globally won’t have it as good as they did in 2018. However, with the IMF predicting global economic growth of 3.7%, predictions of a recession are the exception rather than the rule. What we are seeing is a return to normality with more balanced and sustainable growth for economies.