Acute Global to participate at Africa Wealth Summit
Wednesday, November 13, 2024 | 560 Views |
Making moves: Elliot Moshoke PIC MORERI SEJAKGOMO
The summit is an exclusive gathering of private investors, family-owned businesses, and wealth owners from Africa, the Gulf region, and India. It is a two-day event focused on education, peer-to-peer insights, investment opportunities, and high-level networking.
The summit provides a space for wealth owners to gain new perspectives, find innovative solutions, and connect with a network of like-minded individuals. Specifically designed for family wealth owners across continents, the event offers a setting that facilitates private and in-depth discussions on wealth preservation and growth.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...