Govt seeks to break impasse with SA retailers

Mbaakanyi
Mbaakanyi

The Ministry of Investment, Trade and Industry says it is working to resolve the impasse with South African retailers over trade licences for business lines reserved for citizens.

According to the Trade Act of 2003, businesses such as; auctioneers, car wash, cleaning services, curio shop, fresh produce, general clothing, general dealer and hairdresser are exclusively reserved for citizens.

Chief commercial officer for the citizen economic empowerment (CEE), Banusi Mbaakanyi said mall developers have been complaining that there are no local companies that are capable of supplying malls.

Editor's Comment
Time to end informal sector fronting

The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...

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