Botash, BDC collaborate to drive economic growth
Monday, May 13, 2024 | 900 Views |
Kgosidiile (left) and Phatshwane siging the MoU
The MoU focuses on investment, impact assessment, and the beneficiation of Botash products. It serves as the foundation for future binding contracts, detailing the terms and conditions of their joint endeavours.
According to the terms of the agreement, the parties’ envisioned relationship provides a cornerstone and structure for any possible impending binding contracts between the Parties.
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...