Corruption can scare off investors � Mokalake
Thursday, September 18, 2014
Mokalake
Speaking at a dinner launch of the ministry’s policy statement on corruption prevention at Thapama Lodge on Monday, Mokalake said, “The country requires an injection of investment for further economic growth and development, therefore high levels of corruption would scare away prospective investors.
Corruption erodes economic and social growth, including investor confidence therefore it should not be tolerated at all”.
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...