BCL closure inflicts dire strain on businesses

BCL Mine demise has crippled Selebi-Phikwe
BCL Mine demise has crippled Selebi-Phikwe

SELEBI-PHIKWE: A task team appointed by Business Botswana (BB) following the closure of BCL Mine has submitted a draft report highlighting the need for big investments into the region to protect the existing businesses that are facing serious viability challenges.

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.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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