PrimeTime targets out of Gaborone retail market
Wednesday, November 26, 2014
Presenting the company’s financial results for the year ended August 31, 2014 in Gaborone yesterday, PrimeTime managing director, Sandy Kelly, said although the retail market was saturated in many towns in Botswana there were growth opportunities in outlying areas such as Palapye, Mahalapye and Mochudi/Pilane.
“Now that Prime Plaza is complete we are evaluating other investment opportunities both in the Gaborone CBD and other outlying areas,” said Kelly.
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...