Labor & Economic News Blog


Wednesday, July 26, 2006

Botswana: Textiles Yet To Benefit From Weaker Pula

Botswana: Textiles Yet To Benefit From Weaker Pula
Tally Tshekiso, managing director of Caratex, a garment manufacturing company, says the textile industry has not yet reapt much from the devaluation. "Devaluation is a double-edged sword with cancellation effects. We import from East Asia and buy raw materials in US dollars," Tshekiso explained. "We are losing if you thought that we have gained," he added.

 



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