Choppies' troubles reach tipping point
Friday, August 16, 2019
Festus Mogae. PIC: MORERI SEJAKGOMO
This, while the eagerly awaited forensic and legal reports laid more damning allegations against directors for the hole the group finds itself in.
In addition, former president, Festus Mogae, who has chaired the pan-African group since 2008, also announced a plan to step down once the group’s 2018 full year results are released, a development expected in the next six to eight weeks.
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...