mmegi

Publication of hidden investors to be delayed

Behind the board: Identifying beneficial owners helps to clarify interests as well as unmask cartel and other illicit behaviour amongst corporates and individuals PIC: THEFLINCH DOT COM
Behind the board: Identifying beneficial owners helps to clarify interests as well as unmask cartel and other illicit behaviour amongst corporates and individuals PIC: THEFLINCH DOT COM

The much-anticipated publication of the 'behind the scenes' beneficial owners of companies by the Companies and Intellectual Property Authority (CIPA), has been put on hold and will not take place in August as planned.

With many Batswana eager to know who owns what in the country and who lies behind the company boards and directorships, the publication of the beneficial owner database was keenly awaited.

This week, CIPA officials confirmed that ordinary members of the public would have to wait longer to see companies’ beneficial owners, but did not commit to when this would be possible.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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