Lewis moves to acquire 25 Beares stores
Wednesday, December 09, 2015
Lewis PIC: KABO MPAETONA
According to a press release from Lewis, the acquisition will increase the group’s total store footprint to 786 in southern Africa. Lewis Stores Botswana is a wholly owned subsidiary of the South African company, Lewis Stores (Pty) Ltd.
Competition Authority’s director of communications and advocacy, Gideon Nkala also confirmed they have received the notification and are still studying the facts before making a judgement.
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...