CA sales expands regional footprint to Zambia
Thursday, November 30, 2017
CA Sales, which operates within the fast-moving consumer goods (FMCG) space, announced its acquisition of 49% of the issued share capital of Warbrands in Zambia.
The principal business of Warbrands is the importation and nationwide distribution of consumer and related goods in Zambia.
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...