Bolux calls for protection of domestic market
Thursday, November 24, 2016
At the official opening of the new wheat mill in Ramotswa on Tuesday, Bolux Group managing director Christo Ellis said although the new facility has enhanced their capacity, there are still threats from Botswana’s neighbour.
“Unfortunately, the threat of big brother next door, with a mature milling industry and years ahead of the Botswana industry with regard to investment in efficiencies and downstream facilities, like bakeries, frozen dough, pastries, pies, and pasta is real,” he said.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...