LEA sets sights on agric, manufacturing

These projects will be carried out in collaboration with Small, Micro and Medium Enterprises (SMME) in the country, said acting CEO Godfrey Molefe in a statement this week. These initiatives are part of LEA’s larger target of achieving a 17% contribution to the country’s GDP by 2026.

Molefe stated that one of the key projects identified by LEA is the establishment of the Bokaa Textile Incubator, prompted by the government’s decision to ban the importation of school uniforms. The incubator aims to support both informal and formal textile enterprises by providing shared advanced machinery and equipment. It will also introduce SMMEs to the latest designs and production technology, to improve the quality and output of their products. LEA is also in the process of setting up other village incubator hubs, including the Gantsi Small Stock Incubator, expected to begin operations in the 2024-25 fiscal year.