Botswana Life contributes largely to economy � Seretse
Thursday, July 23, 2015
Seretse
Speaking at the insurance company’s 40th anniversary celebrations and identity launch held last week, Seretse said the company’s investment in the economy through various projects exceeds P5 billion.
“These various projects include property development and the holding of government and corporate bonds. These bonds have enabled government and corporates in this country to carry out (the) much needed infrastructural developments and led to the transformation in the landscape of Gaborone,” he said.
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...