BSE lifts Olympia�s four-year suspension
Friday, December 15, 2017
Yesterday, BSE head of market development, Thapelo Moribame told BusinessWeek that the four-year suspension had been lifted after the Kenyan majority-owned group complied with the bourse’s listing rules.
“The BSE Main Committee has lifted the Olympia suspension as of the 15th December 2017 when the company stocks will start trading,” she 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...