Saturday 28 November 2009

SA move costs Botswana jobs

South Africa's resoluteness regarding an export incentive scheme for textile manufacturers is forcing Botswana's largest textile company to close its doors in December 2009. About 5 000 jobs will be lost at Caratex Botswana, one of the neighbouring country's major earners of foreign exchange, when the company ceases trading at year-end according to its current managing director and owner Craig Chow. Chow said the decision had been taken because of the procrastination in arriving at a decision about the export incentive scheme. Ever since March manufacturers in the Southern African Customs Union (Sacu) have been in the dark as to which products would finally qualify for the scheme.

SA move costs Botswana jobs

South Africa's resoluteness regarding an export incentive scheme for textile manufacturers is forcing Botswana's largest textile company to close its doors in December 2009. About 5 000 jobs will be lost at Caratex Botswana, one of the neighbouring country's major earners of foreign exchange, when the company ceases trading at year-end according to its current managing director and owner Craig Chow. Chow said the decision had been taken because of the procrastination in arriving at a decision about the export incentive scheme. Ever since March manufacturers in the Southern African Customs Union (Sacu) have been in the dark as to which products would finally qualify for the scheme.

Tuesday 24 November 2009

Atlas Copco opens office in Botswana

"The establishment of Atlas Copco in Botswana is expected to help the country diversify its economy through the mining and construction sectors, as well as strengthening the manufacturing sector. Speaking at the official opening of Atlas Copco on Thursday, the Assistant Minister of Trade and Industry, Ms Dorcas Makgato-Malesu said her ministry was prepared to support the South African company as it settles and establishes itself in Botswana. My ministry is committed to provide a conducive environment for you to grow as you help us diversify our economy, she said."

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