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S&P Global Ratings downgraded Botswana’s sovereign credit rating to BBB- from BBB and assigned a negative outlook, citing prolonged weakness in global diamond demand.<\/p>\n
The decision reflects Botswana’s reliance on diamonds, which account for about 70% of exports, one-third of government revenue and roughly a quarter of GDP. The sector has faced pressure since 2023 due to lower prices, weaker demand from China and a slowdown in global luxury spending, alongside competition from lab-grown diamonds.<\/p>\n
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Read more on AllAfrica.com<\/a> S&P Global Ratings downgraded Botswana’s sovereign credit rating to BBB- from BBB and assigned a negative outlook, citing prolonged weakness in global diamond demand. The decision reflects Botswana’s reliance on diamonds, which account for about 70% of exports, one-third of government revenue and roughly a quarter of GDP. The sector has faced pressure since 2023 […]<\/p>\n","protected":false},"author":11,"featured_media":229506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[2461],"tags":[258,256,4718,2462,7465,13135,10265,257,10797,254,17860],"class_list":["post-229505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-botswana","tag-africa","tag-africa-news","tag-botswana","tag-botswana-news","tag-diamond","tag-downgrades","tag-negative","tag-news","tag-outlook","tag-south-africa-today","tag-weakness"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/229505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=229505"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/229505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/229506"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=229505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=229505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=229505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Botswana<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"