Textile firms tap into bailout package

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Players in the textile industry were last week cobbling together formal applications to access the P38-million bailout the government is extending to the troubled sector over a two-year period.

A committee has been established in the Ministry of Trade and Industry's Industrial Affairs Department to vet an anticipated deluge of applications from an industry among the hardest hit by the recession last year.

Workers estimated in their thousands lost their jobs as many companies in the textile sector went to the wall last year.

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Editor's Comment
Shame on State looters

“Your and my legitimacy relies on fighting corruption, discrimination and seeking justice.”– Imam KhameneiThis is laid bare in the recently released Auditor General’s report of 2023. The report highlights that government was plundered off millions of pula in wasteful expenditure and irregular procurement at a time when the country was grappling for every thebe to save its citizens. The report reveals that millions set aside for the...

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