Through the fire, Kgori Capital emerges stronger
Friday, December 20, 2019
Alfoso Ndzinge. PIC. MORERI SEJAKGOMO
At the height of its success, Kgori Capital held assets under management of P6 billion and was living proof that a young, citizen-owned entity could succeed in the local capital market.
The now 12-year-old firm boasted some of the finest citizen brains in financial services and was able to hold its own in a dog-eat-dog industry where mandates are frequently lost and found.
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...