The cost of car ownership

Peter recently came into a little extra money from the sale of some cattle from his late mother’s estate. He wants to buy himself an asset with the money. His friends have their own cars so he wants to buy himself a car.

Question: Is the car purchase a wise decision?

a) Will Peter afford the daily running costs?

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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