BB calls for Fund to diversify mining towns
Thursday, May 18, 2017
Vice president, Palalani Moitlhobogi said at a Pitso held recently that the seed funding should be made up of mine closure plan funds and that pension funds should be incentivised to invest.
He explained that the specialised Fund that would focus on the economic stabilisation and diversification of mining towns is premised on the fact that mining is a finite activity and therefore at some stage operations would stop.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...