Textile exports plunge 67 percent :: Mmegi Online

The value of Botswana's textile exports fell by two thirds to P609.6 million last year, as market access and operational constraints deepened in the ailing sector.

Bank of Botswana figures released recently indicate that in 2012, textile exports averaged P152.4 million per quarter, swinging from a high of P330.4 million between January and March to a low of P79.3 million in the second quarter.

By comparison, 2011 textile exports powered home at P1.8 billion, averaging P454.4 million per quarter and ranging between P556.3 million to P335.3 million.The poorer 2012 figures comes as cabinet prepares to review a request by the textile sector for a fresh bailout of P500 million over five years. Between 2009 and 2011, government supported local textile manufacturers with a P38 million rescue package, which ultimately secured 5,591 citizen jobs.

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Textile exports plunge 67 percent

The value of Botswana's textile exports fell by two thirds to P609.6 million last year, as market access and operational constraints deepened in the ailing sector.

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