Respite for consumers as fuel prices drop
Tuesday, September 08, 2015
Fuel Station.PIC MORERI SEJAKGOMO
Economic analyst at Motswedi Securities, Garry Juma said the fuel price reduction is an early Christmas for all the consumers.
“It will certainly relieve some pressure, especially from those businesses that have high fuel bills, such as in the transport sector etc,” 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...