Firms collapse in SPEDU

Friday, May 29, 2026 | 130 Views |

Fighting on: Selebi-Phikwe and its surrounding region, continues a battle to survive, after the collapse of BCL Mine in 2016 PIC: MBONGENI MGUNI

Approximately 18 of the 22 companies operating within the SPEDU region have collapsed over the past few years, dealing a significant setback to the region’s efforts to recover from the closure of the BCL Mine.

Appearing before the Parliamentary Committee of Statutory Bodies on Tuesday, SPEDU acting Chief Executive Officer, Othata Batsetswe, revealed that the closure of the companies between 2021 and 2025 resulted in losses amounting to P79.8 million and the disappearance of more than 200 direct jobs.

Batsetswe attributed the collapse of the businesses to several challenges, including limited market access, cash flow constraints and high utility costs.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Fighting on: BBS directors have expressed confidence in a strategy designed to return the bank to stability and growth

BBS losses widen

Mbongeni Mguni | 2 h ago

BECI eyes bigger role in Botswana’s economic growth

Larona Makhaiza | 2 h ago

Licence hitch delays First Division South start

Mqondisi Dube | 4 h ago

Moody’s upgrades BPC

Mbongeni Mguni | 1d ago

Negotiate salaries, not workshops – BOFEPUSU tells DPSM

Larona Makhaiza | 2d ago

No evidence links water to diarrhoea outbreak – WUC

Larona Makhaiza | 2d ago

BNF prioritises by-election over policy conference

Tsaone Basimanebotlhe | 2d ago

Botswana strengthens child protection commitments

Tsaone Basimanebotlhe | 2d ago

The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

The Monitor Editor | 06 October 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.