Africa needs stronger value proposal for investors
Friday, June 07, 2019
Bonga Mokoena
Briefing the media here recently, Alexander Forbes CEO (Emerging Markets), Bonga Mokoena said achieving this would require a compelling plan, which would also incorporate national sovereignties.
“This is where political will to recognise that Africa is a continent provides a stronger value proposition than Africa as a set of independent entities.
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...