Glass manufacturing is just not viable � BDC boss

New broom: Gaetsaloe
New broom: Gaetsaloe

The Botswana Development Corporation (BDC) has ruled out reviving the collapsed Fengyue Glass plant, as glass manufacturing is not a viable investment option, the new managing director, Bashi Gaetsaloe says.

Appearing before a Parliamentary Committee on Statutory Bodies and State Enterprises yesterday, Gaetsaloe said the glass plant, which is under liquidation, carries too much risk and it was always going to be difficult to turn it into a commercially viable operation.

 He was answering a question from the committee chairperson, Samson Moyo Guma who had wanted to know if BDC, under its new investment strategy, has any plans to reinvest in the project.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up