Six shortlisted for Khoemacau takeover
Friday, September 08, 2023 | 620 Views |
Belle of the ball: Suitors are gathering around Khoemacau PIC: KHEMACAU.COM
Highly placed sources told BusinessWeek that some of the shortlisted companies include the Australian-based Citic Pacific mining company, MMG, Exxaro, and Endeavour Mining. Bloomberg on Tuesday also identified Impala Platinum and Zijin Mining as being amongst the shortlisted bidders.
BusinessWeek has established that the selected suitors have been taking turns to visit the mine with the final batch expected next 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...