Connect with us

Hi, what are you looking for?

Business

Unconvinced

Unconvinced
BFTU SEC GEN: Thusang Butale

Trade Unions skeptical of Govt’s stance to push export-led growth

Botswana Federation of Trade Union (BFTU) says it is pointless to pursue export-led growth that is not driven by government initiative.

Responding to last month’s Budget Speech on Monday, BFTU Secretary-General (SG), Thusang Butale noted nations like Germany, Japan, South Korea, and China achieved industrialization through selective investments by governments in manufacturing sectors that had the highest technology transfer.

“This gave the ability to have exports that competed on the global stage. Manufacturing not only increases labour productivity, results in sustainable growth, it also helps a country’s income to converge to the frontier technology knowhow,” Butale highlighted.

The government has mentioned that to boost export-led growth, it will improve ease of doing business to attract investors and skilled labour. This includes improving the issuance of work permits, reducing domestic costs of production, and removing barriers to trade.

However, the trade union is not convinced by the government’s position to perfectly execute the export-led growth strategy.

The Union has called on Botswana Development Corporation (BDC) to identify and invest in high-value manufacturing, especially in areas the private sector is avoiding in the short run.

Advertisement. Scroll to continue reading.

“However, BDC also ought to holistically search for the efficiency of investments rather than be an absent shareholder in joint-ventures with manufacturing multinationals, such as was evident in the Kromberg and Schubert case,” warned Butale.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement
Advertisement

You May Also Like

News

#Prophet’s late night dreams betray fiancé’s cheating ways #Charms, supernatural oil and plenty of sex make for godly mess A suspected conman who posed...

Business

This week Meet the Boss meets FirstCred Managing Director, Dudu Garekwe who has been at the helm of the micro-financing company since April 2018....

News

BITC look within for investment opportunities In response to the economic troubles caused by the pandemic globally and in the face of dwindling foreign...

News

Teen’s lover arrested for double attempted murder A young man who allegedly stabbed his teenage girlfriend over and over again before turning the knife...

News

Court dismiss herdboy’s self-defence claims A herdboy’s justification that he acted in self-defence when he killed another man has failed to convince Francistown High...

News

* ‘Eradication Programme has helped reduce poverty!’ insists Mthimkhulu * ‘P1.4 billion spent on PEP but poverty is on the rise!’ maintains Saleshando Although...

Entertainment

A blow by blow account of a battle to beat the bulge Sporting a neatly trimmed beard and a trendy haircut, he walks with...

Entertainment

LIFE-SAVING LESSONS FROM A DIETICIAN With the Covid-19 death toll rising at a frightening rate, the importance of health is at an all time...

News

ATTEMPT TO APPEASE THE DEAD LANDS OLD MAN IN TROUBLE A tribesman who erected a kgotla structure to appease his ancestors has ended up...

News

SERIAL OFFENDER GETS 35-YEAR JAIL SENTENCE A convicted serial rapist was this week sentenced to a total of 35 years in jail to keep...

International

In the past, Zimbabwean healthcare workers could go on strike for months, even leaving patients to die as they protest their grievances. However, those...

News

MAUN PRIVATE HOSPITAL TO EASE DISEASE BURDEN IN NGAMILAND The newly opened Maun Private Hospital is expected to ease the disease burden in the...

Entertainment

United House Party regular Goitsemodimo Tsitsi Popelelo has her eyes set on the Miss Independence 2021/22 crown. The 26-year-old beauty is also a Sunday...

Entertainment

Singer puts his trust in God With Covid-19 claiming local lives faster than ever before and the all-important vaccine in short supply, Gospel artist,...

News

A group of women in Maun who use mostly recycled materials to make handcrafts have a big dream of some day opening a one-stop...

Politics

History would judge us harshly if we, the BCP and BNF, failed to work together to unseat the BDP in 2024 – Gobotswang Member...

Advertisement

Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.