Cresta pumps P70m into "African fingerprint"
Monday, June 20, 2011
The investment includes the P40-million Cresta Mahalapye Hotel whose groundbreaking was conducted recently.
The 65-bedroom and 200-seater conference facility will be completed in 2012, becoming Mahalapye's biggest accommodation centre. Last week, Cresta Marakanelo Managing Director Tawanda Makaya revealed that the investment was part of a strategic operational rollout designed to improve guest experience and offer five-star treatment.
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...