Swazi SMMEs benefit from LEA alliance
Friday, October 08, 2010
The alliance is a result of a memorandum of understanding (MoU) that was signed by the two countries in September last year, to formalise the relationship between SEDCO and its Botswana counterpart, LEA.
SEDCO Marketing Manager Fanelwako Fakudze said among other objectives, mutually beneficial outcomes for the SMMEs from the collaboration of the two institutions included synergies for market access, facilitation of access to technology and other business advisory services that could be provided on some forms of exchange programmes.
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...