African Copper appoints Paya to board
Tuesday, January 13, 2015
Paya
The London and Botswana Stock Exchange (BSE) listed company owns the Mowana and Thakadu copper mines in the northeastern district.
In a statement pronouncing the board changes, the company also announce the appointment of Royd Corrans, currently a non-executive director of African Copper, as non-executive chairman of the copper firm, succeeding David Rodier who is retiring from the board.
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...