Textile industry forecast exports rebound

Tuesday, November 25, 2014

Textile exports plunged since the 2008 financial crisis

Local textile and clothing manufacturers are expecting a change of fortunes in the forthcoming financial year since the country’s economy is showing signs of recovery from the global financial meltdown.

As one of the largest employers in the country, the textile and clothing industry has been seriously hit by the financial crisis, which led to exports dropping at a high rate and closure of some firms hence loss of jobs.

In an effort to breathe some life into the industry, the government budgeted over P20 million last year, to provide temporary assistance to support 34 textile companies, employing 2,912 workers.

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Textile industry forecast exports rebound

Local textile and clothing manufacturers are expecting a change of fortunes in the forthcoming financial year since the country’s economy is showing signs of recovery from the global financial meltdown.

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative