Botswana�s annual steel import bill at P775m

Pula Steel and government officials at the launch of the plant
Pula Steel and government officials at the launch of the plant

SELEBI-PHIKWE: Botswana steel import bill stands at P775 million annually but the establishment of the Pula Steel Manufacturing and Casting Plant will reduce the need to buy from outside, Vice President Mokgweetsi Masisi has said.

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.

Editor's Comment
Tana project a welcome development

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...

Have a Story? Send Us a tip
arrow up