Economic diversification steams ahead

EDD is the government's initiative aimed at accelerating economic diversification and is based on two principles of promoting local production through local procurement and developing sectors or sub-sectors to sustain the economy beyond mining.

Seretse said the capacity of local enterprises was expected to develop with implementation of interventions under EDD's Medium to Long Term Strategy. "Their competitiveness will be enhanced, resulting in more purchases from local manufacturers and service providers," he said.