Turnstar considers Game City expansion

Huge demand for quality office space and shopping malls has propelled property concern Turnstar to go on an acquisition spree.

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.

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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