Govt flexes muscle on local procurement

Seretse
Seretse

Government has directed all central government departments, local authorities and parastatal organisations, to procure all their goods and services from locally based manufactures, service providers and agricultural producers.

According to a statement from the Ministry of Trade and Industry (MTI), government took this decision to try and curb the unemployment rate, build a sustainable economy and reduce the import bill, which currently stands at about P58 billion per annum. The directive is effective April 2015. 

“This is a critical measure through which government wishes to ensure that its purchasing power is used to stimulate economic growth and create the much-needed employment through consumption of locally manufactured products and services,” reads the statement.

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