Botash to pump billions into expansion
Monday, September 04, 2023 | 1250 Views |
Phatshwane (left) Botash board chairperson, Nkululeko Sowazi, and Moagi (right) at the strategy launch PIC: LEBOGANG MOSIKARE
The strategy was launched last week in Sua Pan, under the tagline “Double in Five Safely”. During the launch, Botash managing director (MD), Kangangwani Phatshwane and other members of the company’s executive team said the strategy will see the table salt producer expanding the production of sodium bicarbonate products.
Under the strategy, the company aims to increase its soda ash production capacity to 430,000 tonnes per annum, from the current 300,000 tonnes by 2027, while fine salt production capacity will double to 220,000 tonnes per annum over the same period.
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...