Mmegi Online :: Makgato-Malesu plays hard-ball with Chinese investors
Banners
Banners
Banners
Banners
Banners
Last Updated
Friday 29 April 2016, 17:26 pm.
Banners
Makgato-Malesu plays hard-ball with Chinese investors

Minister refuses to license 'segregated' oriental plaza
FRANCISTOWN: The Minister of Trade and Industry, Dorcus Makgato-Malesu has refused to grant trading licences for the P70 million Francistown Oriental Plaza unless Batswana are allowed to trade at the facility.
By Staff Writer Sun 01 May 2016, 11:52 am (GMT +2)
Mmegi Online :: Makgato-Malesu plays hard-ball with Chinese investors








The new complex has been standing idle for a year after construction was completed because the minister is playing hardball. Construction of the business complex began in 2010 and was completed last year but it has been an empty shell with no activity because the owners still have to meet the requirements to attain trading licences.

The multi-million yellow edifice sitting opposite Tatitown Police Station was initially set to open at the beginning of this year. Recently, Makgato-Malesu said the Chinese business community must  meet the requirements before she can issue licences.

She said that the ministry will not allow segregation. "I will not promote and licence business that are segregated.Unless and until I get notification from this business community that they have integrated Batswana and other nationalities to trade out of Oriental Plaza, it will stay closed," she said.

She said that Oriental Plaza would open as soon as those requirements are met. Oriental Plaza consultant, Sam Masunga said that they are working with the speed of lightning to meet the requirements. He said the owners have taken

Banners

heed of the minister's advice and are looking for other traders to come on board. If all goes well, the complex is likely to be open for business in December this year.  "Basically the minister wants integration and our clients know that. We are still in the process of complying with those conditions," Masunga explained.  He said that last month, they put up an advertisement inviting businesspeople to apply to trade in the complex.

"We fully agree that there should be no segregation and so when Oriental Plaza opens, there will be a variety of nationalities such as Batswana, Chinese, Indians and Zimbabweans," he said. He explained that at the moment, they are still looking at the applications in compliance with the government policy of Economic Diversification Drive (EDD).

He said there are 50 units in the complex and they expect 30 Batswana to rent out spaces.  "There will restaurants, supermarkets, clothing outlets, hair salons and furniture stores," he said. The facility is owned by Chen Jian Fei, the proprietor of Oriental Plaza in Gaborone.

Banners
Banners
Banners


Banners
Banners
Exchange Rates
FOREIGN EXCHANGE: Friday, 29 Apr 2016
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   10.6383
1 GBP = Pula   15.5763
1 EUR = Pula   12.1065
1 YEN = Pula   0.0990
1 ZAR = Pula   0.7463
1 Pula = USD   0.094
1 Pula = GBP   0.0642
1 Pula = EUR   0.0826
1 Pula = YEN   10.1
1 Pula = ZAR   1.34
have a story? Send us a Tip
Banners
  • Previous
    Captain America: Civil War
    Next
    Masa Centre
    ::: Wednesday 27 Apr - Sunday 15 May :::
    Captain America: Civil War
    Ratchet & Clank
    Jane Got a Gun
    The Huntsman: Winter's War
    Barbershop: The Next Cut
  • Previous
    Ratchet & Clank
    Next
    Riverwalk
    ::: Wednesday 27 Apr - Sunday 15 May :::
    Ratchet & Clank
    Captain America: Civil War
    Barbershop: The Next Cut
    The Huntsman: Winter's War
  • Previous
    Jane Got a Gun
    Next
    Gamecity
    ::: Wednesday 27 Apr - Sunday 15 May :::
    Jane Got a Gun
    Ratchet & Clank
    Captain America: Civil War
    The Huntsman: Winter's War
    Barbershop: The Next Cut
    The Jungle Book
Banners
Selefu
DPSM
Banners