Keorapetse calls on govt to rescue BCL
Tuesday, October 20, 2015
Dithapelo Keorapetse
Addressing residents of BCL location at Tebogo Primary School last Wednesday, Keorapetse said it was common for government to assist companies facing a similar predicament with supplementary budget to keep them afloat. He said a financial rescue package would cushion BCL employees from job losses or their salaries being affected by the dwindling copper and nickel prices.
He added that copper and nickel prices have dropped significantly in the world markets adding that the situation was likely to affect the mine’s financial standing.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...