Real estate industry to explore diversification solutions
Tuesday, October 06, 2015
Modiredi Maruping - President REIB
Responding to Mmegi Business inquiries, REIB president Modiredi Maruping said as an industry and professional body, the institute wants to provide economic solutions that could generate sustainable growth, thereby creating employment and wealth of lifetime for the nation.
“The conference will be focusing on the central district which has the highest growth potential, opportunities in real estate funding, structures and facilities that are supported by local frameworks but are not being provided as solutions, and infrastructure development opportunities and challenges to real estate,” he said.
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...