-
Emerging economies hold promise for Africa
- Source: Africa Renewal, Volume 23, Issue 2, Jul 2009, p. 16 - 22
- French
-
- 31 Jul 2009
Abstract
In April South Africa’s largest clothing and textile manufacturer, Seardel, announced plans to close its Frame Textiles division. The company blamed competition from cheap imports – threequarters of which come from China – as one of the reasons. The shutdown will add some 1,400 workers to the country’s growing ranks of unemployed, unless government-led efforts for a rescue plan are successful.
© United Nations