Moroka steps down as Absa chair
Tuesday, October 24, 2023 | 9680 Views |
Stepping down: Moroka
A statement from the bank says Moroka, who is also De Beers Botswana CEO, will leave on October 31. He will also be exiting as a independent non-executive director of the bank.
Moroka joined the Absa Botswana board in July 2021.
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...