Austrian investor eyes Tati Nickel
Wednesday, August 07, 2024 | 3440 Views |
Golden years: Tati Nickel was the bastion of the Francistown economy prior to 2016
According to information shared by the presidency on Wednesday, Caner met with President Mokgweetsi Masisi, Minerals and Energy minister, Lefoko Moagi, and other senior government officials on Tuesday.
Caner’s wholly owned investment group, NIU Invest is reportedly studying a possible offer to buy Tati Nickel, Moagi told state television in a brief interview. The minister said further details of the proposed deal could not be revealed as discussions continue.
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...