BCL woes snowball Phikwe�s economic plight

Tuesday, January 26, 2016

SELEBI- PHIKWE: The private sector, especially small business, is reeling from the effects of financial troubles that bedevil the town’s economic mainstay, BCL Mine. A member of Small Business Council (SBC), Palalani Moithobogi said BCL was the heart of the copper/nickel town; hence whatever happens to it affected the economy of the town.

Moithobogi, also the managing director of Kwebo Management Consultants, said small businesses relied on BCL mine for financial and economic boost.

He said small businesses would be forced to shut down if the BCL did not have money. Due to low international commodity prices, BCL is reportedly facing a dire cash flow dearth, which has seen the company fail to pay most of its creditors on time.

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