Textile exportsv to US collapse

Thursday, February 13, 2014

Textile and apparel exports from local manufacturers to the United States crumbled last year, falling 45% to US$5.86 million (P53 million) as a cocktail of adverse factors kept the local sector out of the lucrative market.

In previous years, the local industry flocked to the US market empowered by the African Growth and Opportunities Act (AGOA), which provides duty free access and also allows manufacturers to source their fabric from other countries.

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Textile exportsv to US collapse

Textile and apparel exports from local manufacturers to the United States crumbled last year, falling 45% to US$5.86 million (P53 million) as a cocktail of adverse factors kept the local sector out of the lucrative market.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!