Businesses prove resilient in tough times

De Kok
De Kok

A tough economic climate is usually considered undesirable in business circles as it is deemed to be disadvantageous for businesses.

These conditions are usually related to the slow economic growth as well as the tough regulatory environment.

In a tough economic climate, the reality of budget cuts, job insecurity and diminished employment rights usually comes to play with some companies succumbing to the pressures and ending up retrenching or closing shop.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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