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Expat businesses bleed the economy- Moswaane

Member of Parliament for Francistown West, Ignatius Moswaane, has appealed to the Minister of Finance and Developing Planning, Thapelo Matsheka, to put measures in place to ensure that all foreign owned businesses comply with the country's financial regulations.

Moswaane said the recent bad international financial ratings are due to lax regulations which have allowed some foreign traders to do as they please.

Moswaane told The Voice in an interview that most retail businesses owned by foreigners do not have speedpoint card swiping machines which denies the tax collector revenue.

"If ...

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