Botswana is one of the largest producers of diamonds in the world and considered as being part of the world’s fastest growing economies. Besides diamonds, good governance and resilient economic management have contributed to making it an upper-middle economy. Together with the help of the private sector to boost several sectors and investment, Botswana has established transformational reforms with a view to becoming a high-income country by 2036.
Most international businesses expanding into foreign regions engage experienced local partners for assistance with business process outsourcing, including employment outsourcing solutions where staff need to be employed in-country and paid accordingly.
While your organisation expands to Botswana, you may encounter a variety of legal, cultural, and employment complexities, which represent significant time and effort to address correctly. At Africa HR Solutions, our in-country experts are well placed to assist you with all the necessary procedures and Botswana HR outsourcing support that you may need to realise your international business goals by allowing you to dedicate more time to your growth and operations strategy.
Our team offers bespoke HR outsourcing solutions including services such as Professional Employer Organisation (PEO), Employer of Record, payroll as well as other ancillary support services to help you expand your business, even if your company does not have a subsidiary in Botswana.
Country Profile - Botswana
Population: 2,397,240
Gross Domestic Product (GDP): $17.61 B
GDP Growth: 11.4 %
Inflation: 7.2%
Foreign Direct Investment (% of GDP): 0.5 %
Unemployment Rate: 24.7 %
Capital: Gaborone
Currency: Botswana Pula
Languages: English, Tswana
Botswana's Economy
For the past 53 years, Botswana’s socio-economic performance has enabled it to be classified as a middle-income country by the World Bank. The government has implemented policies that allow the private sector to play a fundamental role in boosting the economy, encourage free trade and attract foreign direct investment, which has in turn significantly helped in developing the mining sector – a major source of revenue for Botswana. Other sectors such as tourism, retail, and emerging manufacturing have also performed well, with a contribution of the private sector and FDI. The banking sphere and capital markets are relatively stable and effective, with defined rules and procedures that govern the sector.
Interesting Facts About Botswana
Botswana is the world’s biggest diamond-producing country (based on value) and the 2nd biggest country when it comes to production.
Botswana is famous for its safari destinations, wildlife, luxury lodges, and amazing experiences.
Botswana is believed to have the biggest number of elephants in Africa.
National parks, concessions, and wildlife management reserves occupy around 38% of Botswana’s land.
The border between Botswana and Zambia is the shortest in the world.
Botswana has one of the world’s largest salt pans – the Makgadikgadi Pan.
The national dish of Botswana is ‘seswaa’, a meat dish cooked from beef, goat, lamb, or chicken and boiled with onion and pepper until soft and tender.
Public Holidays in Botswana
New Year’s Day
Good Friday
Easter Monday
Labour Day
President’s Day
Day Following President’s Day
Botswana Day
Christmas Day
Employment in Botswana
Having maintained reasonably high economic growth rates since 1966, Botswana is considered as one of the world’s largest producer of diamonds. With a politically stable environment, Botswana is ranked 87th out of 190 countries in the World’s Bank Ease of Doing Business report. With established reforms and policies, Botswana has maintained a relatively steady and effective market structure that enables competition, while the private sector continues to play a fundamental role in the economy.
Employees are permitted sick, vacation and parental leave. With regards to termination, both the employee and employer can end an employment agreement, whereby a minimum notice, equal to the period for which salaries are paid, must be offered or payment shall be made in lieu of such notice. However, if the employee was involved in any major misconduct, no notice is required. With regards to taxation, there are no social security contributions in the country.
When recruiting locals or hiring expats in Botswana, devising an appropriate employee benefit system can be expensive and complex due to prevailing legislation, robust employee protections and market norms. By partnering with Africa HR Solutions, our in-country experts will provide you all the attention and support you need to procure competitive employee benefits in accordance with all applicable legal requirements and customary practices, so you can focus on growing your organisation.
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