Liberty Life In Strategic Partnership With Alexander Forbes
Monday, April 10, 2017
Lerudi is a Setswana word meaning ‘shoulder’, a term synonymous with support, caregiving and provision of strength; all pledges the two organisations made in an effort to provide Batswana with peace of mind and to assist those in need.
In his opening statement Paul Masie, Managing Director of Alexander Forbes, cited the motivation of creating the scheme as the organisations’ continued desire to help Batswana achieve financial freedom. “We realised a gap that existed between the monthly contributions made by the individuals and the actual payout they get from their contributions as the contributions are high while the payout was very low.
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...