In light of the Bank of Botswana (BoB)’s June 18 decision to lower its benchmark interest rate from 9.0% to 8.5%, easing price pressures and new 2012 sales data from the Central Statistics Office, BMI has revised up its passenger car growth figures to sales of 28,393 in 2013. However, passenger vehicles will continue to be the worst performing segment as consumers face price pressure from persistent inflation, fuel subsidies and rises in passenger vehicle prices. Commercial vehicles (CVs) are expected to outperform as mining and construction sectors burgeon as the economy diversifies away from a reliance on diamond exports. …
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