𝗦𝗘𝗙𝗔𝗟𝗔𝗡𝗔 𝗣𝗥𝗢𝗙𝗜𝗧𝗦 𝗣𝗟𝗨𝗡𝗚𝗘 𝗔𝗦 𝗣𝗨𝗟𝗔 𝗪𝗘𝗔𝗞𝗡𝗘𝗦𝗦 𝗛𝗜𝗧𝗦 𝗜𝗠𝗣𝗢𝗥𝗧 𝗖𝗢𝗦𝗧𝗦

Botswana retail giant Sefalana Group has reported a sharp fall in earnings, with net profit dropping to P234 million for the financial year ended April 2026 from P426 million a year earlier, underscoring the growing pressure that currency volatility is exerting on import-dependent businesses.

The results mark the group's first annual decline in profitability since the 2017 financial year, when the closure of the BCL copper and nickel mine triggered widespread job losses and weakened consumer spending across the economy.

Sefalana Group Managing Director Chandra Chauhan said the deterioration in earnings was largely driven by the 8 percent depreciation of the Botswana pula against the South African rand in July 2025, which significantly inflated the cost of imported merchandise.

"Since the majority of products consumed locally are imported from South Africa, the currency adjustment increased the cost of purchases," Chauhan said.

The results illustrate the vulnerability of Botswana's retail sector to exchange rate shocks, given the country's heavy reliance on South African imports for food, household goods and other consumer products. While retailers have attempted to manage rising procurement costs, persistent pressure on household incomes has limited their ability to fully pass higher prices on to consumers without risking
#sefalana #botswana #southafrica

Military spending

🇷🇺 Russia
2023: $109 billion
2022: $86 billion
2010: $58 billion

🇺🇦 Ukraine
2023: $65 billion
2022: $44 billion
2010: $2.59 billion

Household debt as share of GDP.

🇨🇦 Canada: 103%
🇬🇧 UK: 80%
🇺🇸 US: 73%
🇫🇷 France: 63%
🇨🇳 China: 62%
🇩🇪 Germany: 52%
🇪🇸 Spain: 48%
🇮🇹 Italy: 39%
🇮🇳 India: 37%
🇿🇦 South Africa: 34%
🇧🇷 Brazil: 34%
🇸🇦 Saudi: 32%
🇷🇺 Russia: 22%
🇮🇩 Indonesia: 16%
🇲🇽 Mexico: 16%
🇹🇷 Turkey: 11%

📊 Ranked: The Richest Suburbs in America
This graphic ranks the top 10 wealthiest suburbs in America based on data compiled by GoBankingRates.

Methodology:
GoBankingRates examined communities with 5,000 households or more, isolating those with the highest average household income according to the 2022 American Community Survey. The average home value for each city was sourced from Zillow. All data was collected and is current as of June 18, 2024.

Scarsdale, NY: Leading the List
The wealthiest suburb in the U.S. is Scarsdale, New York, with an average household income of $568,942 and typical home values exceeding $1.4 million. Located 11 miles from Manhattan, Scarsdale has a population of around 20,000 and a significant Japanese community.

Less than 15 minutes by car from Scarsdale is the second suburb on our list, Rye. It boasts an average household income of $405,074, and typical home values can exceed $2 million.
Top 10 Wealthiest Suburbs:

1. Scarsdale, New York (New York-Newark-Jersey City, NY-NJ)
* Average household income: $568,942
* Typical home value: $1,413,514

2. Rye, New York (New York-Newark-Jersey City, NY-NJ)
* Average household income: $405,074
* Typical home value: $2,199,482

3. West University Place, Texas (Houston-Sugar Land-Baytown, TX)
* Average household income: $403,845
* Typical home value: $1,605,049

4. Los Altos, California (San Jose-Sunnyvale-Santa Clara, CA)
* Average household income: $400,817
* Typical home value: $4,451,059

5. Paradise Valley, Arizona (Phoenix-Mesa-Glendale, AZ)
* Average household income: $385,643
* Typical home value: $3,449,905

6. University Park, Texas (Dallas-Fort Worth-Arlington, TX)
* Average household income: $381,235
* Typical home value: $2,305,281

7. Hinsdale, Illinois (Chicago-Joliet-Naperville, IL)
* Average household income: $380,479
* Typical home value: $1,088,871

8. Great Falls, Virginia (Washington-Arlington-Alexandria, DC-VA-MD)
* Average household income: $373,735
* Typical home value: $1,564,775

9. Orinda, California (San Francisco-Oakland-Fremont, CA)
* Average household income: $370,203
* Typical home value: $2,078,615

10. Wellesley, Massachusetts (Boston-Cambridge-Quincy, MA)
* Average household income: $367,801
* Typical home value: $1,979,339

Highlights:Wealthiest Su
* Scarsdale, NY: The wealthiest suburb, close to Manhattan, with a significant Japanese community.
* West University Place, TX: Known as "The Neighborhood City," it serves as a bedroom community for upper-class families in Greater Houston.
* Los Altos, CA: Located in Silicon Valley, it has transformed from an agricultural town to a major residential suburb.

In terms of coast comparisons, the East Coast has the wealthiest suburbs, with 23 making the top 50, including five from New York and five from New Jersey. The West Coast follows with 19 wealthy suburbs.

Image: Visual Capitalist
#wealth #suburbs #richestsuburbs #realestate #datavisualization #financialtrends #voronoiapp #economicinsights #luxuryliving #americanwealth

📊 Countries with Millionaire Populations Larger Than Entire Nations

This visualization showcases the top 10 countries with the largest millionaire populations compared to countries with similar total populations.

Millionaire Populations vs. Countries:
1. 🇺🇸 U.S.: 5.4M (more than 🇮🇪 Ireland’s 5.2M)
2. 🇨🇳 China: 862K (more than 🇬🇾 Guyana’s 814K)
3. 🇩🇪 Germany: 806K (more than 🇧🇹 Bhutan’s 787K)
4. 🇯🇵 Japan: 755K (more than 🇱🇺 Luxembourg’s 669K)
5. 🇬🇧 UK: 603K (more than 🇲🇹 Malta’s 553K)
6. 🇫🇷 France: 506K (more than 🇧🇳 Brunei’s 453K)
7. 🇨🇭 Switzerland: 428K (more than 🇮🇸 Iceland’s 394K)
8. 🇦🇺 Australia: 383K (more than 🇻🇺 Vanuatu’s 335K)
9. 🇨🇦 Canada: 371K (more than 🇧🇧 Barbados’s 282K)
Highlights:
* The U.S. leads with nearly 5.5 million millionaires, surpassing Ireland’s entire population.
* In 10 years, U.S. millionaires increased by 62%, now comprising over one-third of the global total.
* China’s 860K millionaires exceed Guyana’s population, and Germany’s 806K millionaires surpass Bhutan’s population.
* Switzerland stands out with 428K millionaires, more than Iceland’s population, and one in 20 Swiss residents has over $1 million in investable wealth.
#wealth #millionaires #globaleconomy #datavisualization #financialtrends #investment #wealthdistribution #voronoiapp #economicinsights