EDD channels over P5bn to local businesses

SELEBI-PHIKWE: Since the inception of the Economic Diversification Drive in 2010 the value of cumulative total purchases has reached the sum of P10.7 billion. Of this, P5.5 billion was purchased from local manufacturers and service providers, EDD coordinator Pauline Monare has said.

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.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

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