Vantage surveys property market
Thursday, February 12, 2015
Manake (left) with BITC chairman Victor Senye at the launch of the Vantage Property Report> PIC KAGISO ONKATSWITSE
Managing Director of Vantage, Sethebe Manake said the surveys are conducted on different stakeholders for the report.
“Because we want the next report to be reflecting the status of the market in current times, it is important for us to carry out the research ourselves in this quarter,” she explained.
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...