EDD channels over P5bn to local businesses

Speaking during the SPEDU regional economic development strategy stakeholder workshop in Selebi-Phikwe recently, Monare said the EDD emphasises much on creating a conducive environment for the private sector to play a major role in driving economic development as well as review of legislative and administrative structures that are still an impediment to private sector participation in the economy. 

She noted positive growth in some non-mining sectors with construction, social and personal services as well as financial and business services sectors having recorded high real growth rates of 14 percent, 12.2 percent and 11.0 percent respectively in 2012. “This reflects some success in the country’s economic diversification efforts,” she added.