BCL closure inflicts dire strain on businesses
Friday, June 02, 2017
BCL Mine demise has crippled Selebi-Phikwe
The report that was recently presented to the local business community by Professor Happy Siphambe, has shown that firms have lost significant business due to the mine closure. It indicates that some potential businesses whose business plans were approved by Citizen Entrepreneurial Development Agency lost viability due to closure of BCL.
He added that companies whose business relied more on BCL have been highly affected and added that for most of local companies, business went down by more than 50% since the mine closure.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...