Troubled textile industry appeals for export incentives
Wednesday, November 23, 2016
The measures hoped for include action on export incentives, tendering system and release of permits for skilled foreign workers, amongst others.
Participants at the meeting indicated that the future of the embattled industry hangs in the balance if no action is taken to address the challenges bedevilling this sector.
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...