Textile sector reaches breaking point

No Image

The troubles in the local textile sector have reached crisis point, with data showing that US exports under the duty-free AGOA provision fell 75% last year, while job losses in the broader industry intensified with more factories closing down, BusinessWeek can reveal.

From 13 firms exporting under the AGOA provisions prior to the global recession, the number dropped to just one, Carapparel Botswana, which last year gave up and relocated to Lesotho.

Lesotho is a top textile exporter under AGOA, shipping off $290.4 million to the US last year.  Local exports, by comparison, were measured at $993,000, a 75% drop from 2016 and the continuation of a slide over the years from a peak of $30 million in 2005 (P289.2 million).

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up