Study highlights SME's economic potential
Friday, December 13, 2019
Study highlights SME's economic potential
The International Trade Centre (ITC), in partnership with the Ministry of Investment, Trade and Industry as well as the Local Enterprise Authority, conducted the recent study, which covered 616 businesses across the country.
The surveyed businesses were largely of micro-size, with nearly 40% of them headed by women. More than two-thirds of the surveyed businesses do not import or export any goods. The businesses were also mainly into the services sector, with another 28% in agriculture and mining and the balance in manufacturing.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...