Barclays Named Botswana's Best Investment Bank
Monday, October 29, 2018
Barclays House
The bank’s managing director (MD), Reinette van der Merwe said the transaction presents their bank as a more modern, fast thinking and relevant organisation that is truly an African bank that is for the people.
“We are proud to be the recipients of this prestigious award and are excited to be part of a financial services group that Africa can be proud of. We are committed to deliver on our strategy and through endurance and tenacity we will make it all possible,” van der Merwe said.
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...