It's Business As Usual, CIPA Assures Company Secretaries
Monday, February 04, 2019
The OBRS will be launched and instantly put into use June 3, 2019. According to the organisation, all submissions will be carried out online and will take less time as the system is said to be efficient compared to the manual registration process.
“Business consultation agencies will not be out of business because the Companies Act stipulate that all registered companies must have a company secretary. The duty of the company secretary is to assist the entrepreneur to run their business in accordance with the provisions of the Act so that the entrepreneur can solely focus on running their companies to success,” affirmed CIPA awareness and communications manager, Marietta Magashula.
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...