Ghaghoo diamonds to auction before year-end
Wednesday, August 06, 2014
In a press statement released last week, Gem Diamonds chief executive, Clifford Elphick said the first diamonds produced during the commissioning of the plant are high quality and average size as compared to those mined during the exploration phase.
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...