BEMA suspends its executive director
Friday, June 12, 2015
Information gathered by BusinessWeek indicates that Stembile Tawengwa was suspended mid-May, pending a hearing by the Association’s board. This week, insiders in the 125-organisation strong Association said Tawengwa’s suspension was part of a shake-up intended to restore lustre to the business grouping. BEMA is an industry voice for small, medium, large scale and corporate exporters and manufacturers.
“BEMA is not performing well financially and this is not because there is no money; we need a shake up to turn things around,” a senior member of the organisation told BusinessWeek.
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...