Ruling to dissolve Matshelagabedi plant partnership upheld
Friday, November 06, 2015
The companies, Runicta Engineering and Garrick Operations, appeared before the Court of Appeal as a result of an appeal made by Garrick Operations requesting that the High Court ruling be overturned.
The High Court had ordered that the partnership between the contractors should be dissolved and that the profits of the partnership and the assets of the partnership be shared between the partners equally.
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...