Hope springs for retrenched Boseto workers
Tuesday, June 23, 2015
Competition Authority CEO, Thula Kaira
The takeover bid for the mine near Maun, which is currently under provisional liquidation goes before the High Court today for final endorsement.
If granted, the ratification would pull the mine out of liquidation and provide hope to some of the 800 miners who lost their jobs in February. The provisional liquidation comes after Boseto’s parent company, Discovery Copper Botswana (DCB), was declared insolvent early this year.
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...