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Botswana's financial freedom score is 64.8, ranking it at 61 in the 2022 Index. Botswana is categorized 3rd of 47 countries in Sub-Saharan Africa. It has a general score greater than the zonal and universal standards. Its financial growth has slowed during the last five years, but it recovered in 2021.
15 April- Good Friday
18 April- Easter Monday
2 May- Labour Day
26 May- Ascension Day
1 July- Sir Seretse Khama Day
18–19 July- Presidents' Day
30 September- Independence Day (of Botswana)
25 December- Christmas Day
26 December- Boxing Day
Botswana's minimum are: -
In Botswana, no payroll is legally effective but it is guided by a Pay As You Earn (PAYE) system that differs for resident and non-resident taxpayers.
A full-time employee is obligated to 15 days of leave annually.
Female employees are eligible for 12 weeks of paid Maternity leave. However, six weeks should be over pre-birth and the other 6 post-birth. The employer is required to compensate them at least 50% of their ordinary wage rate. After resuming work, the female employee is allowed one hour of unpaid leave to care for the offspring for a year. A health provider's certificate is an eligibility requirement.
Paternity leave is not administratively required in Botswana.
Employees receive an annual 20- day paid sick leave. For eligibility, the worker should present a health provider's certificate.
Termination methodology differs depending on the employment contracts but employers are required to provide written notice. The notice duration is equal to the worker's pay period.
The notice time in Botswana:
Directors, administrators, board members, senior supervisors, and skilled workforce are allowed severance after providing 60 ongoing employment month services. The wage rate is similar to a normal daily rate per month in the initial 60 months and two days for every extra month worked. After retirement, workers eligible for a pension are not eligible for the perk.
Unskilled workers should serve a three-month probationary period.