The Bulb World starts operations in South Africa
Breaking News
Homegrown LED light manufacturing company, The Bulb World, has kick started operations in South Africa, setting in motion the company’s ambitious continental expansion plans.
The Bulb World, which was partly funded by Citizen Entrepreneurial Development Agency (CEDA) at the tune of P4 million, to manufacture LED lighting bulbs for both commercial and residential use in 2017, announced last year that it will enter the South African market in the Special Economic Zone (SEZ) of North West province under the auspices of North West Development Corporation (NWDC).
The company has already secured a deal with South Africa authorities which entails production factory shells and tax incentives arrangements.
PHILLIMON MMESO
editors@thepatriot.co.bw
The recent announcement that a Canadian firm Premium Nickel Resources Corp. has been picked as the preferred bidder for the BCL Mine and that they have former BCL Managing Director Montwedi Mphathi as one of the directors has created excitement among Selibe Phikwe residents.
The announcement saw the share price for North American Nickel closing at $ 0.31, a move by 8.77% at Canadian’s TSX Venture.
Though they have just been given the exclusive period to complete due diligence on the BCL assets, the announcement has created excited in the sleepy mining town as some sense the resurrection of the once bubbly town.