Profit takers weigh on BSE
Wednesday, October 14, 2015
Motswedi Securities analysts, Tlotlo Ramalepa and Garry Juma indicated in the weekly financial markets highlights that this year’s second week of the fourth quarter did not provide much captivating activity.
However, they said prospects and developments from the property industry were some of the highlights during the week.
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...