Textile outfit retrenches following Zim imports ban

Friday, June 17, 2016

FRANCISTOWN: Another local textile company has retrenched workers after the Zimbabwean government banned importation of textile products into their country in order to resuscitate their own depressed textile industry.

The company, Puma Trading (Pty) Ltd trading as Bolex Weaving Mills, confirmed the job cuts to Mmegi last week.

Following unfavourable market conditions that were mainly caused by the Zimbabwe authorities’ decision to ban textile imports in order to safeguard their local garments industries, the company moved to retrench.

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