New Look BBS Headquarters prepares to sprout at CBD
Friday, June 19, 2020
Molefe
The move to the CBD has been announced by the company’s long serving CEO Pius Molefe in the company’s latest financials that had been delayed in large part by migration to a new banking system as they prepared to operate as a commercial bank.
“We intend building a Head Office that will not only be easy on the eye architecturally but also give the BBS Limited brand the desired lift”, the CEO pledged, adding that the move is in line with their branding strategy that had already seen them opening new branches at Diphalane Mall , Palapye, last year, as well as the decision to relocate their BBS branch in Phikwe to a more visible, secure location in the main mall as part of improving BBS physical infrastructure so that it is fit for purpose in respect of the company’s infrastructure.
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...