Related Keywords: fast-growing entity, global market in cotton towel products, Indigenisation and Economic empowerment act, Nortex, Northern Textile Mills, ramped up production, relocate from Zimbabwe to Botswana, subsidiary of defunct Merlin, targeting export markets in Asia, tough business environment, trade facilitation
Northern Textile Mills (Nortex), subsidiary of the now defunct Merlin, after relocating from Zimbabwe to Botswana has ramped up production to 100 percent, which is a clear indication that the country is missing a lot in terms of investment. Also a number of companies have exited the country citing tough business environment following the introduction of the Indigenisation and Economic Empowerment Act.
