LEA Launches Aggressive 2019-2023 Strategy
Monday, March 18, 2019
LEA CEO Racious Maotshe
The 2019-2023 strategy seeks to contribute to the reduction of the import bill and help SMEs survive past the infancy stage, which is usually the first three to five years, thus create employment in turn.
Speaking during the launch recently, LEA chief executive officer, Racious Moatshe said the sector could help diversify the economy from minerals.
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...