Botswana�s annual steel import bill at P775m
Wednesday, October 21, 2015
Pula Steel and government officials at the launch of the plant
Officially launching the factory here yesterday, Masisi said local steel demand last year was met primarily by South Africa and China.
He said steel was a basic commodity required by any developing economy for infrastructural developments, mines and construction. According to international trade statistics, SADC imported P36 billion worth of steel in 2014 and the local demand amounted to P775 million.
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...