SPEDU economy dying a slow death

BCL crisis is affecting SPEDU
BCL crisis is affecting SPEDU

SELEBI-PHIKWE: The SPEDU regional financial state is said to be in a critical condition due to the ongoing crisis at BCL Mine, which is the backbone of their economy.

Selebi-Phikwe region Manual Workers Union chairperson, Otsile Mbise said in a press conference last week that the past five years have seen a tremendous decline of population at the copper town.  From about 60,000 the regional population has dwindled to the current 47,000, highlighting that this is a clear indication that investors have lost confidence in the town.

He added that this has also kept away potential investors who have interest in doing business in the town and its neighbouring villages.

Editor's Comment
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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