Kgori Capital Fights Hard To Retain Clients
Monday, December 18, 2017
Bakang Seretse with his lawyers PIC. MORERI SEJAKGOMO
The statement also shows that the company is not pleased with some news making rounds about their client dealings.
The BPOPF Investment and Risk committee last week met to deliberate on the Kgori matter and recommended that the contract, which comprises management of listed equities, fixed income and cash, be terminated. The board of trustees, chaired by Permanent Secretary to the President, Carter Morupisi, will on Tuesday meet to either adopt or decline the recommendation.
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...