Business upbeat over Eskom's R60bn vote
Friday, February 22, 2008
Tebogo Rapitsenyane of BOCCIM says the move breathes confidence into the business community in Botswana as the country largely relies on Eskom for power supply. He was speaking to Business Week after watching Manuel's presentation of South Africa's R635 billion 2008/09 budget on television at that country's High Commission in Gaborone on Wednesday.
However, BOCCIM's PRO warned that Botswana should not relax but must continue to seek ways of generating its own power supply. "This assures us that at least Eskom will continue to supply us in accordance with what has been agreed," he said, "but we must not relax because their budget shows that they have injected billions for the development of their economy, therefore their own demand for power is going to increase."
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...