Bid-rigging harms economy � minister :: Mmegi Online

Bid-rigging is a problem that plagues government procurement and can cost billions of money, the minister of Investment, Trade and Industry, Vincent Seretse has said. Officially opening the national bid-rigging workshop in Gaborone yesterday, Seretse said some enterprises that are desirous of making profit at all cost are determined to collude and rig bids.

He noted that every year the Competition Authority (CA) reports a growing number of bid-rigging cases, adding that since the establishment of the authority in 2011, bid rigging cases account for approximately 40% of the restrictive business cases that the authority had handled.

“We are very much aware that tenders, particularly public tenders are one way in which we can promote fair and transparent trade. Most of the government budget is spent on public procurement of goods and services,” said Seretse.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.