Businesses urged to exploit opportunities in mining
Wednesday, October 11, 2017
During a business development forum yesterday, BCM projects manager, Joe Ramotshabi indicated that a lot of money is spent by the mining industry on procuring goods and services from foreign suppliers.
He suggested that the purchasing power could be used to develop and diversify the local economy, attract foreign direct investment (FDI), facilitate citizen economic empowerment and job creation. As such, Ramotshabi said BCM seeks to facilitate cost saving potential and creation of local strategic suppliers.
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...