Turnstar considers Game City expansion
Tuesday, February 05, 2008
Announcing its interim results for the year ended 31 October 2007, the property company said it had identified a number of prospective acquisitions, including Game City Phase 2, which involves a 10,000-square metre extension of its current flagship in Kgale.
"The company has also identified for acquisition a 20,000-square metre retail lifestyle centre that is being developed by a joint venture between Bifm and RMB Properties of South Africa.
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...