Govt seeks to break impasse with SA retailers
Friday, October 14, 2016
According to the Trade Act of 2003, businesses such as; auctioneers, car wash, cleaning services, curio shop, fresh produce, general clothing, general dealer and hairdresser are exclusively reserved for citizens.
Chief commercial officer for the citizen economic empowerment (CEE), Banusi Mbaakanyi said mall developers have been complaining that there are no local companies that are capable of supplying malls.
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...