Local textile firms falling short � Pep Stores
Tuesday, December 06, 2016
Earlier on, the local textile and clothing industry complained that large chain clothing stores were importing most of their clothes from outside the country and ignoring the local manufacturers. Pep Stores local area manager, Kemo Ditodi told Mmegi Business that the company has always expressed its willingness to sell clothes that are manufactured locally.
However, he said local clothing manufacturers have failed to meet the demands and requirements of Pep Stores, noting that most do not meet the required volumes.
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...