The latest transformation, from a friendly, mutual society to a public limited company, incorporated in April 2018, is of great significance in many respects. First, it allows broader scope for consideration of strategy, sustainable funding and provision of a wider array of services by Botswana Building Society.
When capital inflows tie in with overly optimistic growth expectations, this may cause asset prices such as land prices and stock prices to rise excessively and, ultimately, the asset price bubble to burst. In a time of an abrupt reversal in global capital flows, countries experiencing capital outflows may be forced to undergo large-scale economic adjustments.