BDC inks Lobatse automotive plant deal
Friday, December 18, 2015
Deal sealed: Lebang
The factory will be relocating from South Africa where it supplied automotive wiring harness to the original equipment manufacturers of Nissan, Renault and Volkswagen vehicles.
BDC head of communications and marketing, Boitshwarelo Lebang confirmed the signing of the deal in Malaysia last week but declined to give further details on the plant that is expected to create around 400 jobs at its initial stages.
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...