Bolux expands plant to boost capacity
Friday, October 02, 2015
Bolux recently sold a 49 percent stake to Seaboard in a move aimed at securing investment and capital injection into the company.
Head of corporate affairs at Bolux, Nkosi Mwaba said the company has been operating an old plant since 1984 adding that it needed to be refurbished.
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...