Stimulus frenzy triggers company registration rush
Friday, November 06, 2015
Expectant: Batswana are hoping to benefit from the stimulus package
Since the pronouncement of the ESP last month, the CIPA says it has recorded a significant increase in number of people registering companies.
In addition, it has also been brisk business for company registration consultancy firms, with some registering as much as a five fold increase in the number of clients.
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...