BSE nurtures SMES
Monday, September 09, 2019
BSE CEO Thapelo Tsheole
The programme was introduced early this year as a way of grooming companies that could potentially raise capital, improve governance and leverage from increased publicity through the stock market in the short to medium term.
The graduated companies include; AT&T Monnakgotla, First Capital Bank, Homec, Ticano group, Earth Vitamins, Destiny Car Rentals, Urban Soul Apparel, Cally Clothing, Glam Collections, Bo-Inter trading, Energy X Petroleum, Creative Business Solutions, Kelyh Mass, Sareg Building and Civil Construction, Ultimate Hydro Solution, STOL Petroleum and Zila Investments.
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...