The constitution prohibits the nationalization of private property and provides for an independent judiciary, and the government respects this in practice. The legal system is sufficient to conduct secure commercial dealings, although a serious and growing backlog of cases prevents timely trials. The protection of intellectual property rights has improved significantly. Botswana is ranked second only to South Africa among sub-Saharan Africa countries in the 2009 International Property Rights Index. While generally open to foreign participation in its economy, Botswana reserves a number of sectors for citizen participation. Increased foreign investment plays a significant role in the privatization of state-owned enterprises. Investment regulations are transparent, and bureaucratic procedures are streamlined and open, although somewhat slow. Investment returns such as profits and dividends, debt service, capital gains, returns on intellectual property, royalties, franchise’s fees, and service fees can be repatriated without limits. It is rated as the least corrupt country in Africa, according to international corruption watchdog, Transparency International.
Overall, Botswana is a very good market for businesses to do trade in. It was ranked as the 54th easiest country to do business in for 2012, by the World Bank in their annual survey. In the same survey it was ranked 46th for protecting investors, 65th for enforcing contracts, and 150th for trading across borders. The World Economic Forum rates Botswana as one of the two most economically competitive nations in Africa. While it may have ranked low for trading across borders, Botswana is still a great country to do business in.