Lerala Mine's P81m sale stuck in limbo
Friday, August 10, 2018
Lerala Mine was auctioned off on May 30, 2018 having closed on May 29, 2017, with the winning bidder offering US$8.1 million (about P81m). Under the conditions of the sale, a portion of the funds should have been paid over within a certain period, before mining rights could be transferred, followed by the balance.
BusinessWeek is informed that a citizen-led consortium with ties to the Tswapong area put in the winning bid, but failed to close the deal due to financing challenges.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...