Parly committee wants BMC monopoly ended
Friday, October 16, 2015
Tombale was appearing before the Parliamentary Committee on Statutory Bodies and State Enterprises yesterday, which had suggested that an end to the Commission’s monopoly could be one of the solutions to problems faced by the BMC. The Commission is currently haunted by cash flow problems that have resulted in late payments to farmers for cattle delivered.
Tombale indicated that ending BMC’s monopoly might lead to the collapse of the institution, which gets most of its support from government.
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...