TNMC boosts F/town economy
Wednesday, December 11, 2013
Speaking at the mine’s end of year party recently Steshenko said: “We do a lot of direct and indirect business with a good number of companies in and around Francistown that contribute to employment creation.
Besides business, we are also partnering with government in the development of the lives of Batswana through our corporate social responsibility programme.”
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...