Entrepreneurship policy on the cards
Wednesday, March 25, 2015
The NEP is designed to provide a comprehensive framework for entrepreneurship and SMME development in the country.
According to a statement released by the Ministry of Trade and Industry, the policy needed to be reviewed to instill entrepreneurship development.
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...