BSEL's Tshipidi Board To Nurture SMMEs
Monday, January 14, 2019
BSEL - CEO, Thapelo Tsheole
The Board is the second of its kind after Serala OTC, which registers businesses not ready to list their equities on the stock market.
BSEL chief executive officer (CEO), Thapelo Tsheole revealed during the first opening bell ceremony of 2019 that the stock exchange will have a second Board dubbed Tshipidi Board.
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...